Ubisoft has reiterated its financial outlook for the year after reporting stronger-than-expected third-quarter bookings, buoyed by continued demand for its flagship Assassin’s Creed series.

The French publisher posted net bookings of 338 million euros for the quarter, a 12% increase compared with the same period last year. The figure comfortably surpassed the 305 million euros the company had forecast in November, offering a rare positive update amid a prolonged period of restructuring.

Despite the quarterly outperformance, Ubisoft left its full-year guidance unchanged. The company continues to expect bookings of around 1.5 billion euros and an operating loss of roughly 1 billion euros.

The publisher’s shares remain under significant pressure, having fallen more than 80% from their 2018 peak. In recent years Ubisoft has faced a string of challenges, including delayed releases, uneven execution and persistent investor concerns about its path back to profitability.

The current guidance was first outlined in January alongside a sweeping reorganisation of the business. That overhaul included the cancellation of six games and the closure of studios in Halifax, Canada, and Stockholm. Prior to the restructuring, Ubisoft had been targeting 1.9 billion euros in bookings. The new structure divides the company into five genre-focused divisions known as “Creative Houses.”

Ubisoft said appointments to lead the Creative Houses will begin in March, with several industry veterans set to join from outside the company.