Updated Mar 17, 2026 by Ubisoft Entertainment SA
Ubisoft faces a critical liquidity crisis with €1.42 billion in net debt and a breach of bank covenants that triggered the loss of a €300 million credit line.
The company is executing a €1.16 billion capital injection from Tencent and divesting its stake in Vantage Studios to stabilize the balance sheet and reach a zero net debt position.
Despite a 20.3% increase in net bookings to €772.4 million, the company reported an IFRS operating loss of €120.2 million and a consolidated net loss of €161.4 million.
Operational restructuring has reduced the workforce by 1,000 employees to approximately 17,000 and cut R&D spending by €101.2 million.
Digital revenue now accounts for 89% of total bookings, while physical sales have experienced a sharp 43.3% decline.
The company is managing significant financial headwinds, including a €113.9 million retrospective revenue correction for IFRS 15 compliance and ongoing international tax audits.
Ubisoft faces a critical liquidity crisis with €1.42 billion in net debt and a breach of bank covenants that triggered the loss of a €300 million credit line.
The company is executing a €1.16 billion capital injection from Tencent and divesting its stake in Vantage Studios to stabilize the balance sheet and reach a zero net debt position.
Despite a 20.3% increase in net bookings to €772.4 million, the company reported an IFRS operating loss of €120.2 million and a consolidated net loss of €161.4 million.
Operational restructuring has reduced the workforce by 1,000 employees to approximately 17,000 and cut R&D spending by €101.2 million.
Digital revenue now accounts for 89% of total bookings, while physical sales have experienced a sharp 43.3% decline.
The company is managing significant financial headwinds, including a €113.9 million retrospective revenue correction for IFRS 15 compliance and ongoing international tax audits.