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Ubisoft FY26 Earnings

The fiscal year 2026 earnings report outlines a period of significant structural transformation for Ubisoft, characterized by aggressive cost-reduction initiatives and a strategic pivot toward a more focused operating model.

• Ubisoft reported FY26 net bookings of €1,525 million, a 17% year-over-year decline, with a non-IFRS consolidated net loss of €1,282 million.
• The company successfully reduced its fixed cost base by €118 million in FY26, achieving a total reduction of approximately €325 million since FY23, with a target of €500 million in cumulative savings by March 2028.
• A strategic transaction with Tencent provided €1.16 billion in cash, significantly deleveraging the group and improving the closing cash position to -€187.3 million compared to -€885.1 million in the prior year.

Ubisoft Full-Year 2025-26 Earnings Results

Ubisoft experienced a difficult fiscal year ending March 31, 2026, characterized by a strategic reset that resulted in a 17.4% decline in net bookings to approximately €1.53 billion.

• Ubisoft reported a net loss of €1.52 billion and a non-IFRS operating loss of €1.04 billion for the fiscal year ending March 31, 2026.
• Net bookings declined by 17.4% to approximately €1.53 billion, driven by a lighter release schedule and increased research and development spending.
• The company has achieved €325 million in cumulative fixed cost reductions since the 2022-23 fiscal year as part of a strategic transformation plan.

Third-Quarter 2025-26 Sales

Ubisoft reported a double-digit increase in net bookings for the third quarter of fiscal year 2025-26, reaching €338 million.

• Ubisoft reported Q3 fiscal 2025-26 net bookings of €338 million, a 12% year-on-year increase that exceeded internal expectations.
• Back-catalog sales drove significant growth, rising 36.2% and accounting for over 93% of the €1.11 billion in net bookings recorded for the first nine months of the fiscal year.
• The company is undergoing a structural reorganization into five 'Creative Houses' and is initiating a reduction of 200 positions at its French headquarters.

Ubisoft Reports First-Quarter 2023-24 Sales

Ubisoft announced first-quarter fiscal 2023-24 sales, reporting IFRS 15 revenue of €288.9 million and net bookings of €267.7 million, both down 8–9% YoY but exceeding the target of €240 million.

• Ubisoft reported Q1 fiscal 2023-24 net bookings of €267.7 million, an 8-9% year-over-year decline that nonetheless exceeded the company's internal target of €240 million.
• Live-service titles Tom Clancy’s Rainbow Six Siege and The Division 2 drove performance with double-digit growth in both net bookings and daily active users.
• Digital net bookings accounted for 90% of total revenue, despite an overall 8% decline in the digital segment and a 17% drop in player-recurring investment (PRI).

Ubisoft Full-Year 2022-23 Earnings Figures

Ubisoft’s fiscal year 2022-23 served as a period of strategic transition, characterized by a pivot toward core brand expansion and the implementation of a significant cost-reduction program.

• Ubisoft reported net bookings of €1,739.5 million for fiscal year 2022-23, representing an 18.3% decline and a non-IFRS operating loss of €500.2 million.
• The company is executing a restructuring plan to cut €200 million in non-variable costs over two years, involving the closure of five European offices and a reduction of the global workforce to under 20,000 employees.
• Management is targeting a return to profitability in fiscal year 2023-24 with a projected non-IFRS operating income of approximately €400 million.

Ubisoft Third-Quarter 2022-23 Sales

Ubisoft’s third-quarter fiscal 2022-23 sales report outlines the company’s financial performance for the period ending December 31, 2022, while detailing strategic shifts toward operational efficiency and brand-focused development.

• Ubisoft reported Q3 2022-23 net bookings of €726.9 million, with nine-month fiscal year-to-date bookings reaching €1,426.3 million, a 2.6% decline year-over-year.
• Player Recurring Investment (PRI) grew by 57.1% to €841.7 million, now representing 59% of total net bookings.
• Mobile gaming's share of quarterly net bookings surged to 43%, up from 7% in the same period the previous year, while console and PC shares declined.

Ubisoft Strategic Focus Update: 2022-23 Financial Targets

Ubisoft has announced a significant strategic pivot to address recent financial underperformance and shifting industry dynamics characterized by a move toward mega-brands and long-term live services.

• Ubisoft is pivoting to a brand-centric strategy, canceling seven projects and prioritizing high-impact franchises to counter recent financial underperformance.
• The company expects a full-year net bookings decline of over 10%, a significant reversal from previous projections of 10% growth.
• Management forecasts a non-IFRS operating loss of €500 million for the 2022-23 fiscal year.

Ubisoft First-Quarter 2022-23 Sales

Ubisoft’s first-quarter fiscal 2022-23 financial results demonstrate a performance slightly exceeding internal projections, with net bookings reaching €293.3 million against a target of €280 million.