Last night Ubisoft published a report for the fiscal year ended March 31. In it, the company reported significant operating losses and interest in AI.
Ubisoft’s losses amounted to €585.8 million. A year earlier, the company reported an operating profit of €241.5 million.
Sales fell by 14.6% to €1.8 billion. Net receipts (net bookings) decreased by 18.3% to €1.74 billion.
Ubisoft began to earn more on mobile games: the share of revenue from mobile increased from 9% to 31%. At the same time, the share of receipts from consoles decreased from 60% to 40%, and the share of receipts from PCs — from 26% to 18%.
Since September 2022, more than 700 people have left Ubisoft amid restructuring. According to the company’s CFO, 80% of former employees have written a letter of resignation of their own volition.
Ubisoft plans to increase the number of Assassin’s Creed developers by 40% in the coming years. Now about 2 thousand specialists are working on the games of the series.
Ubisoft intends to “lead the transformation” of the gaming industry associated with the introduction of AI in game development. The company stated that it has everything it needs for this: extensive experience in the field of gaming technologies, more than 20 years of assets and data, as well as a rich portfolio.