Ubisoft Sees 2.9% Decline in Net Bookings

Ubisoft, the big French gaming company, yeah, they just said something about their earnings. So, they’re talking about this small 2.9% drop in their net bookings for a bit that ended June 30th. A few things happening here, right? They pulled in about €281.6 million, which if you’re wondering, is like $330.8 million for their first fiscal quarter. It seems like a mix-up of stuff led to this little stumble. Rainbow Six: Siege didn’t quite hit the mark and, oh, they had this deal—a partnership or something—that got pushed to the next quarter. Eh, timing, huh?

On the flip side, their old games, you know, the tried-and-true catalog, did bring in €260.4 million ($305.9 million) which is a sweet 4.4% bump up from last year. So not too shabby there.

Here’s the twist: Ubisoft is shaking things up! They’re doing this whole restructure thing, creating what they call “Creative Houses.” Might sound fancy, but really, it’s just like departments, right? The first one is backed by Tencent, and that was a whole separate announcement earlier.

Yves Guillemot, the CEO guy, threw out some corporate speak. He was like, “We’re making progress and have this new operating model, blah blah, Creative Houses.” Honestly, sounds like they just want more control and creative freedom in their divisions. They say it’s to improve quality and accountability. They tossed out a new leadership team for this first Creative House, focusing on big names like Assassin’s Creed, Far Cry, and Rainbow Six. They’re hoping this move keeps them steady and creative, which yeah, makes sense. So, maybe it’ll work? Or maybe it’s just business talk.