Ubisoft reported Q1 2025-26 net bookings of €281.6 million, a 2.9% year-on-year decline that missed the company's €310 million target due to pricing issues in Rainbow Six Siege and a delayed strategic partnership.

According to "Ubisoft Reports First‑Quarter 2025-26 Sales": Ubisoft reported Q1 2025-26 net bookings of €281.6 million, a 2.9% year-on-year decline that missed the company's €310 million target due to pricing issues in Rainbow Six Siege and a delayed strategic partnership.

Back-catalog performance remains the company's primary revenue driver, growing 4.4% to €260.4 million and accounting for 92.5% of total quarterly bookings.

According to "Ubisoft Reports First‑Quarter 2025-26 Sales": Back-catalog performance remains the company's primary revenue driver, growing 4.4% to €260.4 million and accounting for 92.5% of total quarterly bookings.

Ubisoft is undergoing a structural reorganization into autonomous 'Creative Houses' to increase accountability, while maintaining its timeline to close a major transaction with Tencent by the end of 2025.

According to "Ubisoft Reports First‑Quarter 2025-26 Sales": Ubisoft is undergoing a structural reorganization into autonomous 'Creative Houses' to increase accountability, while maintaining its timeline to close a major transaction with Tencent by the end of 2025.

Digital sales continue to dominate the business model, representing 89% of total bookings, with consoles remaining the leading platform at 50% of the market share.

According to "Ubisoft Reports First‑Quarter 2025-26 Sales": Digital sales continue to dominate the business model, representing 89% of total bookings, with consoles remaining the leading platform at 50% of the market share.

The company reaffirmed its full-year guidance of stable net bookings and break-even non-IFRS operating income, with Q2 projections set at €450 million.

According to "Ubisoft Reports First‑Quarter 2025-26 Sales": The company reaffirmed its full-year guidance of stable net bookings and break-even non-IFRS operating income, with Q2 projections set at €450 million.

Future growth is pinned on a pipeline that includes the release of Anno 117: Pax Romana, mobile adaptations of the Rainbow Six and The Division franchises, and the expansion of Star Wars Outlaws to the Nintendo Switch 2.

According to "Ubisoft Reports First‑Quarter 2025-26 Sales": Future growth is pinned on a pipeline that includes the release of Anno 117: Pax Romana, mobile adaptations of the Rainbow Six and The Division franchises, and the expansion of Star Wars Outlaws to the Nintendo Switch 2.

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Key Insights

Ubisoft Reports First‑Quarter 2025-26 Sales

Ubisoft~13 min full read

01
Ubisoft reported Q1 2025-26 net bookings of €281.6 million, a 2.9% year-on-year decline that missed the company's €310 million target due to pricing issues in Rainbow Six Siege and a delayed strategic partnership.
See it on page 4
02
Back-catalog performance remains the company's primary revenue driver, growing 4.4% to €260.4 million and accounting for 92.5% of total quarterly bookings.
See it on page 1
03
Ubisoft is undergoing a structural reorganization into autonomous 'Creative Houses' to increase accountability, while maintaining its timeline to close a major transaction with Tencent by the end of 2025.
See it on page 3
04
Digital sales continue to dominate the business model, representing 89% of total bookings, with consoles remaining the leading platform at 50% of the market share.
See it on page 7
05
The company reaffirmed its full-year guidance of stable net bookings and break-even non-IFRS operating income, with Q2 projections set at €450 million.
See it on page 4
06
Future growth is pinned on a pipeline that includes the release of Anno 117: Pax Romana, mobile adaptations of the Rainbow Six and The Division franchises, and the expansion of Star Wars Outlaws to the Nintendo Switch 2.
See it on page 2

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