Ubisoft sees cost reduction plan exceeding EUR200M by 2024-2025 [Yahoo! Finance]
UBISOFT ENTMT UNSP/ADR (UBSFY)
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Source: Yahoo! Finance
In This Article UBSFF UBSFY https://www.tipranks.com/news/the-fly/ubisoft-sees-cost-reduction-plan-exceeding-eur200m-by-2024-2025 As part of its ongoing efforts to streamline operations and enhance collective efficiency, Ubisoft ( UBSFY ) continued to drive significant cost reductions as it adopts an even more selective approach to investments. In December, following a thorough assessment of its performance, profitability and market conditions, Ubisoft announced the discontinuation of XDefiant and the closure of three production studios in high-cost geographies. Additionally, in January, the Group announced the closure of an additional production site and targeted restructurings that impacted three studios. The company now expects to exceed EUR200M in fixed cost reductions by FY2024-25 compared to FY2022-23, ahead of schedule, and plans to pursue these efforts in FY26, going beyond the initial target by a significant margin. Meanwhile, the review of various transformational s
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