French video game producer Ubisoft posted the biggest operating loss in company's history on Tuesday but stuck to its guidance for the current financial year, citing a renewed focus on blockbuster titles. The maker of the hit 'Rainbow Six' franchise posted a full-year non-IFRS operating loss of 500.2 mill
French video game producer Ubisoft posted the biggest operating loss in company's history on Tuesday but stuck to its guidance for the current financial year, citing a renewed focus on blockbuster titles.
The family-run firm has been dogged by game cancellations and delays in recent years, booking a writedown estimate of around 500 million euros in 2022 due to research and development expenses. Ubisoft said its total headcount had dropped below 20,000 employees as of Tuesday from 20,700 at the end of September, following the announcement of a 200 million euro cost-cutting plan in its profit warning in January.
The group restated its plans to integrate generative artificial intelligence in game development, after it announced in March"Ghostwriter", an in-house AI tool designed to write first drafts of non-playable character dialogue.
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