Ubisoft Entertainment (UBI) Status update summary

Strategic transformation and organizational reset

• Announced a comprehensive reset to reclaim creative leadership, agility, and sustainable growth, structured around a new operating model, a refocused portfolio, and accelerated cost reduction initiatives.

• Introduced five specialized Creative Houses, each with full creative and financial ownership, organized by genre and brand, supported by a Creative Network and Core Services.

• Headquarters reshaped to focus on strategy, governance, and capital allocation, supporting all Creative Houses.

• In-person collaboration will be emphasized, with a return to five days per week on-site to boost efficiency and creativity.

Portfolio and operational changes

• Portfolio refocus includes discontinuing six games, including Prince of Persia The Sands of Time remake and four unannounced titles, and reallocating resources to core franchises and new IPs.

• Additional development time allocated to seven games, including a delayed unannounced title now planned for FY27, to ensure quality and maximize long-term value.

• Several studios will be closed or restructured, and resources reallocated to core value-creating activities.

• Four new IPs are in development, with further details to be announced.

• The revised roadmap aims to strengthen the position in open-world and next-gen experiences.

Cost reduction and organizational efficiency

• Accelerated cost reduction program targets at least €100 million in fixed cost savings by March 2026, one year ahead of schedule.

• New objective to reduce fixed costs by an additional €200 million over two years, totaling around €500 million in reductions since FY2022-23.

• Studio closures and restructurings implemented to streamline operations and align with strategic priorities.

• Considering potential asset divestitures to further streamline operations.