Ubisoft has released its latest earnings report revealing the company's revenue has dropped by 31.4% year-on-year, and more layoffs are coming.

Ubisoft just released its financial results for the nine-month period ending on December 31, 2024, and things weren't looking great for the Star Wars Outlaws and XDefiant publisher. Over the last three fiscal quarters, the company made €990 million (roughly $1.035 billion), which was a 31.4% drop from the same period the year before.

Ubisoft has insisted that its upcoming open world adventure Assassin's Creed Shadows has a strong number of preorders despite its troubled development and promotional period. The struggling publisher said in its latest financial report that "preorders for the game are tracking solidly,