Ubisoft Sees a 31% Decline in Revenue

As part of a recent earnings call, Ubisoft announced a harsh decline in revenue between Q2-Q4 2024. This amounted to a substantial 31% reduction in revenue year on year compared to 2023 and can be attributed to a number of financial failures for the studio alongside numerous delays for games in their biggest franchises.

Image by Ubisoft

Its no secret that Ubisoft have been having a rough couple of years. 2024 alone saw one of the worst years for the company since its conception. Star Wars Outlaws was enjoyed by quite a few Star Wars fans but was a commercial failure- causing a loss of over €250m alone. This makes it likely one of the biggest reasons for the studio’s recent financial troubles alongside their failed live service push with XDefiant- which is having its servers permanently shut down in June of this year.

That’s not even mentioning the massive critical and commercial flop that was ‘Skull and Bones’. The Assassins Creed IV Black Flag inspired pirate game failed to meet any expectations and, as a result, was one of the studio’s worst performing games they’ve ever released. This ‘AAAA’ game (as dubbed by the studio’s CEO) was the cherry on top of Ubisoft’s terrible 2024.

Image by Ubisoft

The most recent 31% drop in revenue amounts to a reduction of €990m in funds for the publisher. On top of this, Ubisoft stock is currently down 52% compared to last Feuary- indicative of some unhappy shareholders and deep-seated issues within the company. Their next big game, Assassins Creed Shadows is set to launch on March 20th after numerous delays. If this also flops, Ubisoft could be even more trouble and, with not much on the release schedule for 2025 so far, things could be about to get much worse.