Ubisoft Q3 Fiscal Year 2026 Earnings Results

Key insights

4 slides

Exceeding expectations

Ubisoft's net bookings for Q3 FY26 increased by 11.9% year-over-year, reaching €337.7 million.

Quarterly revenue saw a marginal year-over-year increase of 0.1% to €318.4 million.

Strong Growth. Ubisoft's net bookings for the third quarter of fiscal year 2026 rose 11.9% year-over-year to €337.7 million.

Platform shift

PC revenue share significantly increased from 26% to 41% of total net bookings over the past year.

Conversely, console revenue share declined from 54% to 45%. Mobile revenue share also dropped from 10% to 7%.

It's like shifting from mostly watching TV on a big screen to primarily using a laptop for entertainment.

PC Dominance. The PC platform saw a significant surge in revenue share, growing from 26% to 41% of total net bookings.

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Summary

The Ubisoft third-quarter fiscal year 2026 earnings results, covering the period from October 1 to December 31, 2025, highlight a period of stable revenue performance alongside significant shifts in platform engagement. The company reported quarterly revenue of €318.4 million, representing a marginal year-over-year increase of 0.1%. However, net bookings—which account for deferred payments—grew by 11.9% to reach €337.7 million, surpassing internal company forecasts.

A primary driver of this growth was the strong performance of the Assassin’s Creed franchise, bolstered by the release of Assassin’s Creed Shadows on the Nintendo Switch 2 and the Valley of Memory expansion for Assassin’s Creed Mirage. Other notable contributors to the quarter’s results included Anno 117: Pax Romana, Tom Clancy’s Rainbow Six Siege, Tom Clancy’s The Division 2, and the From the Ashes expansion for Avatar: Frontiers of Pandora. Digital sales remained a cornerstone of the business model, accounting for 75.8% of total net bookings, or €255.8 million.

The data reveals a substantial pivot in platform distribution, most notably a significant rise in PC revenue, which climbed to 41% of the total share compared to 26% in the previous year. Conversely, console revenue share declined from 54% to 45%, and mobile revenue dropped from 10% to 7%. Despite these shifts in platform reliance, the company maintained a healthy engagement level, reporting 38 million monthly active players in December 2025, a 3% increase over the same period in 2024. While the report provides a clear view of revenue and engagement trends, it does not disclose specific net profit or loss figures for the quarter.