French video game publisher Ubisoft exceeded third-quarter bookings forecast, driven by the popular “Assassin’s Creed” franchise. Net bookings reached 338 million euros, up 12% from last year. The company maintained full-year targets of 1.5 billion euros in bookings and an operating loss of 1 billion euros. Ubisoft’s shares have fallen over 80% since 2018 peak, due to game delays and weak execution. The company announced a reorganization in January, cancelling six games and closing studios in Halifax and Stockholm. Ubisoft plans to appoint Creative House leadership in March, including industry veterans. The company’s brands attracted 130 million unique active users in 2025. The strong third quarter performance was driven by “Assassin’s Creed Shadows” on Nintendo’s Switch 2. Ubisoft expects to have cash reserves of 1.25-1.35 billion euros by end-March, enough to cover a bond maturity of 500 million euros in November 2027. Chief Financial Officer Frederick Duguet stated the company is exploring options to extend debt maturity beyond that date. Ubisoft’s total debt was 1.15 billion euros as of end-September.

Read more at Yahoo Finance: Ubisoft confirms targets after strong Assassin’s Creed bookings