Ubisoft reports a €159 million net loss but secures a €1.16 billion investment from Tencent.

Ubisoft, the French video game company, reported a €159 million net loss for the 2024-25 fiscal year despite strong sales of the latest "Assassin's Creed" game. The company's "net bookings" fell over 20% year-on-year, and its stock price dropped more than 12% since January. To address financial challenges, Ubisoft created a new subsidiary for its top franchises and secured a €1.16 billion investment from Tencent, aiming to cut costs by €100 million over two years.