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Ubisoft has announced a record €1.3 billion operating loss for its fiscal year ending March 2026. Net bookings dropped 17.4% to €1.53 billion, impacted by underwhelming game launches and development delays. In response, the company implemented cost-cutting measures, including the reduction of about 1,200 jobs and €118 million in fixed costs. Ubisoft predicts an 8-9% decline in sales and a high single-digit loss margin for the 2026-27 fiscal year, but anticipates returning to profit and generating positive cash flow by 2027-28.
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