Ubisoft Rapport Financier Semestriel 2017-18

Ubisoft demonstrated significant financial momentum during the first half of the 2017-18 fiscal year, characterized by a 65.7% revenue surge to €466.2 million. This growth was primarily fueled by strong digital sales and the successful market performance of titles such as Mario + Rabbids Kingdom Battle and Rainbow Six Siege. The company achieved a non-IFRS operating profit of €3.1 million, marking a successful turnaround from the €61.8 million loss reported in the same period the previous year. While the group recorded a net loss of €20.8 million, this result is consistent with the inherent seasonality of the global video game industry, which typically concentrates the majority of its revenue in the second half of the fiscal year.

Operational expansion remained a central focus, as evidenced by a workforce increase to 12,900 employees and the launch of a €13.6 million employee shareholding plan. Financial management during this period involved the retrospective adoption of IFRS 9 and preparations for IFRS 15 to better align revenue recognition with the company’s increasingly online-centric business model. Despite a €9.5 million goodwill impairment related to a specific production unit, the group maintained a stable financial position with net debt at €186.3 million.

The company continues to navigate a complex international regulatory environment, managing ongoing tax audits in France, India, and Italy. Management maintains a low risk assessment regarding these tax positions and has confirmed continued compliance with all financial covenants. Supported by these results, Ubisoft has reaffirmed its financial targets for both the 2017-18 and 2018-19 fiscal years, signaling confidence in its long-term growth strategy and operational stability across its global segments.