Ubisoft’s financial report for the fiscal year 2024-2025 is out, and it is not looking like good news across several vectors beyond just major investors making slightly fewer millions, as it also portends some game delays and the possibility of more layoffs.

We’ll begin with the general numbers first: For the fiscal year ending March 31st, 2025, revenue dropped 17% YoY to €1899.2M, while net bookings across current, digital, and back catalogues are also all down YoY. Regardless, the company claims that its major brands “continued to perform strongly” and that the company overall has a “solid balance sheet.”

As for the games, the company talked up fourth quarter upticks for titles like The Crew Motorfest as well as the bright spot of Assassin’s Creed Shadows. That said, it also has elected to delay some of its “biggest” games after a pipeline review in order to “create the best conditions for success.” The company promises “significant content coming from [its] largest brands” over the next two years, again without giving specifics.

Finally, the company pointed out how it has laid off approximately 3,000 people since September 2022 as part of its cost-cutting measures and assures investors that the tightening of its belt will continue, with a plan to cut least €100M more over the next two years to “drive structural efficiencies and reinforce the foundations of our organization.”