Sales forecast for Q4 cut in half.
Key art for Assassin's Creed Mirage.

Ubisoft is in the midst of a very challenging time for the company. According to the company's latest financial report for the year ending March 31st, Ubisoft's sales are down 15% while net losses rose from $86.9 million (USD) last year to $538 million this year.

When specifically focusing on their fourth quarter performance, Ubisoft shows that their sales totaled just $338 million, which is down 56% compared to the year prior. A lot of this loss stems from the fact that the only major releases from Ubisoft in the past year were Mario + Rabbids Sparks of Hope, Just Dance 2023, and Rocksmith+.

There were a few saving graces for Ubisoft this past year. Assassin's Creed Valhalla has 44% more players than Assassin's Creed Origins and 19% more than Odyssey did at the same period in their life. People are also playing a lot more Rainbow Six Siege. That game saw playtime increase 30% compared to the previous year. The Division playtime also up 36% compared to the previous year.

Still, as a result of these rather major losses, Ubisoft says that they are going to do some more restructuring within their many studios. They are set to increase the number of people working on future Assassin's Creed development by 40% over the next several years. Ubisoft's total number of employees is currently under 20,000, down from 20,700 employees in September 2022.

The next game in the series, Assassin's Creed Mirage, is expected to be released before the end of 2023. Other titles are expected from Ubisoft over the course of the next year. Those titles include Avatar: Frontiers of Pandora, Tom Clancy's The Division Resurgence, The Crew Motorfest, and Skull and Bones if that one ever gets released at all.