Ubisoft records 1.3 billion euro operating loss and forecasts more declines

French video game publisher Ubisoft reported a record annual operating loss on Wednesday and forecast another difficult year ahead, as the company continues a major restructuring effort. The company posted an operating loss of 1.3 billion euros for the fiscal year ending in March 2026, which its chief financial officer described as a record figure. Annual net bookings, a key sales metric, fell 17.4 percent to 1.53 billion euros.

The company warned that sales for the current 2026-27 fiscal year are expected to decline by approximately 8 to 9 percent, accompanied by a high single-digit operating loss margin and cash burn of up to 500 million euros. Ubisoft founder and chief executive Yves Guillemot stated that this two-year transformation involves difficult decisions and disappointing short-term financial performance, describing the coming year as a likely low point due to a lighter release schedule and restructuring costs.

Ubisoft has faced significant pressure following a series of weak game launches, project delays, and a restructuring announced in January that impacted its share price. As part of that overhaul, the company canceled seven titles and delayed six others. It is...