Updated Mar 17, 2026 by Ubisoft
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.
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.
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.
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.
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.
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.