Ubisoft Reports 2.9% Decline in Net Bookings

Oh boy, so Ubisoft is having one of those times—isn’t everyone every now and then? Their net bookings took a little 2.9% nose dive in the three months leading up to June 30. So, they pulled in about €281.6 million, or $330.8 million if you like it in dollars, during the first quarter of their fiscal year. And they’re blaming poor Rainbow Six: Siege performance, plus some deal that was supposed to hit the books in Q1 but decided to be fashionably late. Classic.

Anyway, their old games are doing alright—bringing in €260.4 million, which is up 4.4% from last year. It’s like those comfy old sneakers that always seem to do the trick.

Now, the juicy part. Ubisoft’s shaking things up with something called Creative Houses. Sounds fancy, right? First up is a Tencent-backed subsidiary. Yep, the one they mentioned earlier this year. CEO Yves Guillemot, sounds like a character in a novel, said they’re building these business units to boost creativity and performance.

This new division oversees heavyweights like Assassin’s Creed and Far Cry, and they’ve apparently got the leadership sorted. It’s all a part of transforming into a lean, creatively charged machine. I imagine they’re hoping this move will stabilize things in the long run, kind of like rearranging furniture for the 100th time hoping it gives the room a new vibe. Who knows if it’ll work, but hey, worth a shot I guess?