It seems that Ubisoft is still struggling with the implementation of its announced and unannounced projects, so it can no longer commit to delivering projects that were announced several years ago.
A few hours ago, the French developer published on Wednesday a statement to investors of the quarterly report, which included several difficult decisions, as it said, which include the cancellation of three unannounced game projects in development, justifying this with the challenges that the company faces in moving to big brands. In addition to the financial problems.
The French company's quarterly report addressed the unsuccessful issuances of many of the company's large projects, which did not reach planned sales, as it had to revise the revenue forecast, which fell from 830 million euros to 725 million euros in the year 2023-2023. The company also expects a 10% drop in financial indicators after an expected increase of 10%.
In addition to adjusting future plans. Therefore, the company had to make several difficult decisions to continue its development work and release high-quality and successful games, as it said. The company also noted in its statement that it has spent the last four years trying to adapt its biggest and most well-known brands, such as the Assassin's Creed series, Far Cry, Ghost Recon, Rainbow Six and The Division.
Since the Skull & Bones game has been postponed again, without specifying another date for its release, in addition to the cancellation of three projects that were in development, and not yet announced, Ubisoft will have to save about 500 million euros in expenses spent on research. and development of canceled projects. The company's development teams intend to focus on successful game services and develop other well-known game projects.
Additionally, company executives will work on restructuring to reduce costs by 200 million euros over the next two years, as the company plans to announce a game in 2023 that has not yet been announced.
