France’s Ubisoft reorganizes into Creative Houses, tailored to gaming genres, after Q1 net bookings fall short. New units to enhance quality, focus, autonomy, and accountability. First unit with Tencent to manage Assassin’s Creed, Far Cry, and Rainbow Six. Full changes by year-end.

Q1 net bookings of 281.6 million euros miss target, down 2.9% from last year. Rainbow Six Siege underperforms, partnership delay. Full-year guidance reiterated, Q2 net bookings forecast at 450 million euros. Upcoming releases include Anno 117: Pax Romana, Prince of Persia remake, and mobile titles.

Ubisoft announces leadership changes in gaming genres, reorganizing into Creative Houses for enhanced focus and quality. Q1 net bookings fall short, but company reiterates full-year guidance. Upcoming releases include Anno 117: Pax Romana, Prince of Persia remake, and mobile titles.

Read more at Yahoo Finance: Ubisoft unveils ‘Creative Houses’ model as first-quarter bookings miss expectations