Core Viewpoint - Ubisoft confirmed its full-year financial targets after third-quarter bookings exceeded forecasts, primarily driven by the "Assassin's Creed" franchise [1] Financial Performance - Net bookings for the third quarter reached 338 million euros ($402 million), representing a 12% year-on-year increase and surpassing the 305 million euro guidance issued in November [1] - The company maintained its forecast for full-year bookings of approximately 1.5 billion euros and an operating loss of around 1 billion euros [1] Strategic Changes - A reorganization was announced in January, which included the cancellation of six games and the closure of studios in Halifax, Canada, and Stockholm [3] - The original projection for bookings was 1.9 billion euros before the reorganization, which established five genre-focused divisions called "Creative Houses" [3] - Leadership for the Creative Houses will begin in March, including external hires from industry veterans [3] User Engagement and Future Outlook - Ubisoft reported that its brands attracted around 130 million unique active users across consoles and PC in 2025 [4] - The strong performance in the third quarter was attributed to "Assassin's Creed Shadows," which launched on Nintendo's Switch 2 in December [4] - The company expects cash reserves of between 1.25 billion and 1.35 billion euros by the end of March, sufficient to cover a bond maturity of just under 500 million euros due in November 2027 [4] Debt Management - The Chief Financial Officer stated that the company is exploring options to extend the average maturity of its debt beyond November 2027 [5] - Total debt stood at 1.15 billion euros at the end of September [5]