Ubisoft has slashed its FY22/23 outlook on the back of a disappointing 2022 holiday season, set cautious guidance for FY23/24 and announced crisis measures to fix its structural weaknesses. In doing so, the group acknowledged that its current offer – which has been behind its success of the past decade – is not aligned with customer demand. While this puts another dampener on the company’s credibility, the meagre remaining hopes that it might be an M&A target have also vanished.
