The sales of Ubisoft games for 2022 were so bad that the company had to increase the expected write-offs to 500 million euros. Due to the deteriorating economic situation, the publisher will have to lower its revenue target for the full year.
According to CFO Frederic Duguet, over the next two years, Ubisoft is forced to reduce the company's costs by 200 million euros, it will have to reduce its workforce.
Chief Executive Officer Yves Guillemot stressed that the company is shocked by such low sales figures for the title Mario + Rabbids: Sparks of Hope.
The company hopes for a quick resolution to the problem.
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