Ubisoft reported a 2.9 percent decline in net bookings for the quarter ending June 30th, generating €281.6 million. The decline was attributed to the poor performance of Rainbow Six: Siege and a delayed partnership. However, back catalogue sales increased by 4.4 percent, contributing €260.4 million in revenue. Ubisoft is restructuring into Creative Houses to improve operational efficiency, with the first house announced earlier this year, supported by Tencent. CEO Yves Guillemot highlighted the importance of this transformation for enhancing quality and accountability. The new subsidiary will manage major brands like Assassin’s Creed, Far Cry, and Rainbow Six, marking a significant step in Ubisoft's restructuring efforts.