Ubisoft slashed its forecast for the current fiscal year today and announced a handful of other moves signalling a change in strategy for the company.
The publisher said it has spent the past four years working on “building long-lasting live games and adapting our strongest franchises” like Assassin’s Creed, Far Cry, and the Tom Clancy games to match converging trends, but some titles from this investment phase haven’t yet launched and recent releases “have not performed as well as expected.”
“Compounding this effect, in the context of worsening macroeconomic conditions, the trends over the Holiday season, in particular the last weeks of December and beginning of January, have been markedly and surprisingly slower than expected,” the company said.
