French publishing giant Ubisoft has reported sizeable drops in revenue and net bookings for the financial year ending March 2025. 

The company brought in €1.9 billion ($2.1 billion) in revenue for the year, a 17.5 per cent drip year-on-year, while net bookings dropped 20.5 per cent to €1.84 billion ($2 billion). Meanwhile, back catalogue net bookings fell 13.5 per cent to €1.3 billion ($1.45 billion). Despite this, CEO and founder Yves Guillemot (pictured) said there were some positives to be found in what looks like a pretty dire balance sheet. 

"This year has been a challenging one for Ubisoft, with mixed dynamics across our portfolio, amid intense industry competition. Despite these headwinds, Ubisoft managed to deliver positive free cash flow generation over the fiscal year, reflecting the discipline applied across the Group," he wrote.

"Aware of the challenges ahead, we took decisive steps to continue strengthening the company’s future. The launch of Assassin’s Creed Shadows was a defining moment. It reaffirmed the power of the Assassin’s Creed brand, with a highly favorable community response from long-time fans and new players alike. We also completed our initial cost savings program ahead of schedule. We are committed to going further, with additional savings of at least €100m over the next two years to drive structural efficiencies and reinforce the foundations of our organization."