Ubisoft Full-Year 2020-21 Earnings Results

Ubisoft’s fiscal year 2020-21 earnings results demonstrate a period of record-breaking financial performance, characterized by significant growth in net bookings and operating income. The company achieved €2,240.6 million in net bookings, a 46.1% increase over the previous year, and reported a non-IFRS operating income of €473.3 million. This success was driven by a robust portfolio of owned intellectual properties and a deep back-catalog, which accounted for more than 50% of total net bookings for the third consecutive year.

The company’s operational scope spans global markets, with a primary focus on PC and console gaming. During this period, Ubisoft reached an all-time high of 141 million unique players, representing a 20% year-over-year increase. Key franchises such as Assassin’s Creed, Rainbow Six, and The Division served as primary revenue drivers, supported by the expansion of digital services and technology assets like Ubisoft Connect and i3D.net. Geographically, North America remained the largest market, contributing 49% of net bookings, followed by Europe at 36%.

Methodologically, the financial data is presented using both IFRS standards and non-IFRS indicators, which the company utilizes to better reflect its underlying operating performance. The results highlight a successful organizational transformation initiated 18 months prior, aimed at fostering an inclusive workplace and enhancing editorial and production processes. Looking ahead to fiscal 2021-22, the company projects single-digit growth in net bookings and maintains a target for non-IFRS operating income between €420 million and €500 million, supported by a diversified release slate of premium and free-to-play titles.