During the year 2022, Ubisoft had a tough year and it was not one of its best years. As soon as they launched Rainbow Six Extraction, no one remembered it anymore, followed by Roller Champions, and then Skull & Bones was delayed.
Mario + Rabbids: Sparks of Hope, the game with the most wins at the Game Awards, was a bright spot. Having good reviews isn't as important to Ubisoft as having good sales, and the mentioned Switch exclusive didn't meet their sales expectations at the end of 2022 and at the beginning of this year.
In addition, Just Dance 3 wasn't all that popular either.
As a result of poor sales than expected, Ubisoft was forced to reorganize its entire business model in order to remain competitive. There are three projects that have been canceled as a result of that, which have not even been presented to the general public as of yet.
In just half a year, we can see that Ubisoft has stopped developing as many as seven games as a result of a series of cancellations last summer. The company stated that in the future they will be focusing all of their energy on their most popular brands - Assassin's Creed, Far Cry, Ghost Recon, Rainbow Six and The Division are some of the games mentioned.
It shouldn't be construed as a sign that other projects are in jeopardy, but rather it appears that the days of Ubisoft being open to new ideas have passed as it shows a lack of willingness to experiment. While they have a long list of titles under their belt from Watch Dogs to Immortals, The Crew, To Honor, Riders Republic, Steep to Valiant Hearts to Mario + Rabbids, and other titles to their name, it now sounds like they will focus on what has been successful in the past.