Ubisoft announces major structural overhaul and shares fall

Ubisoft said it will reorganize into five 'creative houses', discontinue and delay several games, and cut its fiscal targets; the announcement coincided with a more than 30% fall in the company's shares.

Ubisoft announced a broad company restructuring and revised financial outlook after months of production delays and business pressure. The new organization will be centered on five "creative houses" intended to group teams by game type and give each unit financial accountability. The company also said it is discontinuing some projects, delaying others, and closing or reorganizing certain studios. Management told investors it would lower near-term targets and update longer-term guidance later. Key developments: - Ubisoft will reorganize into five business units called creative houses to streamline decision-making and assign financial responsibility. - The company is discontinuing six games and delaying additional titles, and it has closed or restructured several development teams and studios. - Ubisoft lowered its fiscal 2026 guidance to around 1.5 billion euros in net bookings and said it now expects a non‑IFRS operating loss of about 1 billion euros. - Shares fell more than 30% on the announcement, and Ubisoft withdrew its fiscal 2027 guidance, saying it will provide an update in May. Summary: The announcement outlines a major operational shift and immediate financial impacts, reflected in a steep share-price drop. The company has set a timetable to operate the new structure from early April and plans to update its longer-term guidance in May.