French games giant Ubisoft on Wednesday reported a record annual loss of almost €1.5 billion for its 2025-26 financial year, in the midst of a far-reaching restructuring.
The company had warned in January of a financial impact from its reorganisation, which has meant the cancellation of seven titles and delays to six more.
The group plans to group together half of its development studios into five structures dubbed "creative houses", while the rest will move into support functions.
"This two-year transformation comes with difficult decisions and a disappointing short-term financial performance," Ubisoft founder and chief executive Yves Guillemot said in a statement.
Guillemot added that Ubisoft's 2026-27 financial year would likely be a "low point" in financial performance given "a softer release slate and restructuring costs".
