The Crew

Ubisoft H1 FY25 Earnings

Ubisoft’s H1 FY25 earnings report outlines a challenging financial period characterized by a decline in net bookings and a shift toward operational restructuring.

• Ubisoft reported H1 FY25 net bookings of €642 million, a 22% year-over-year decline, resulting in a non-IFRS net loss of €208 million.
• The company is executing a restructuring plan to reduce fixed costs by at least €200 million by FY26 relative to its FY23 base.
• Operational efficiency measures have led to a reduction of over 2,000 employees over the past two years and a €46 million decrease in H1 fixed costs.

Ubisoft Half Year Financial Report H1 FY24

Ubisoft demonstrated a significant financial recovery during the first half of the 2024 fiscal year, transitioning from substantial losses to profitability.

• Ubisoft achieved a non-IFRS operating profit of €43.5 million for H1 FY24, reversing a €139.0 million loss from the same period in the previous year.
• Net bookings grew 17.6% to €822.4 million, driven by the releases of Assassin's Creed Mirage and The Crew Motorfest alongside back-catalogue performance.
• Total revenue increased 14.3% to €836 million, reflecting the effectiveness of the company's current release strategy and operational focus.

Ubisoft First-Half 2023-24 Earnings Figures

Ubisoft’s first-half earnings for fiscal year 2023-24 demonstrate strong financial momentum, characterized by record net bookings and performance that exceeded initial targets.

• Ubisoft reported first-half fiscal year 2023-24 net bookings of €822.4 million, a 17.6% year-over-year increase that exceeded initial financial targets.
• The company achieved a non-IFRS operating income of €43.5 million, marking a significant recovery from the €139 million loss reported in the same period last year.
• Second-quarter performance was a primary growth driver, with net bookings reaching €554.8 million against a projected €350 million.

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 FY22 Earnings: H1 Performance

Ubisoft’s H1 FY22 earnings report details the company’s financial performance for the first half of the fiscal year, highlighting a period of transition characterized by a reliance on back-catalog strength and proprietary brand performance.

• Ubisoft reported H1 FY22 net bookings of €718 million, a 5% year-over-year decline but a 9% increase compared to H1 FY20.
• Digital revenue accounted for 78% of total net bookings, despite a 15% decrease in digital sales compared to the previous year.
• Player engagement metrics showed growth, with unique active players up 15% and monthly active users up 9% compared to H1 FY20 levels.

Ubisoft First-Half 2016-17 Sales and Earnings Figures

Ubisoft’s financial results for the first half of the 2016-17 fiscal year demonstrate a successful transition toward a more profitable, recurring business model driven by digital growth and multiplayer engagement.

• Digital revenue surged 102.6% to €202.6 million, now accounting for 72% of Ubisoft's total sales for the first half of fiscal 2016-17.
• Ubisoft improved its non-IFRS operating loss to €61.8 million, down from the €107.8 million loss recorded in the same period of the previous fiscal year.
• The company transitioned from a net debt position of €155.5 million in the prior year to a net cash position of €37.7 million as of September 30, 2016.

Ubisoft Reports First Quarter 2015-16 Sales

Ubisoft’s first-quarter sales for fiscal year 2015-16 reached €96.6 million, exceeding the company’s initial target of €80 million.

• Ubisoft’s Q1 2015-16 sales reached €96.6 million, exceeding the initial €80 million target despite a 73.2% year-over-year decline caused by the absence of a major launch comparable to the previous year's Watch_Dogs.
• Digital revenue grew significantly to account for 56% of total sales, up from 23.2% in the same period last year.
• Back-catalog sales increased by 59.3%, driven by sustained demand for Assassin's Creed Unity, Far Cry 4, The Crew, and Watch_Dogs.

Ubisoft FY15 Earnings Presentation

The Ubisoft Fiscal Year 2015 earnings presentation outlines a period of significant financial recovery and operational growth, driven by the successful execution of a strategy centered on systemic open-world games, digital expansion, and community engagement.

Ubisoft Third Quarter 2014-15 Sales Results

Ubisoft’s third-quarter fiscal 2014-15 sales results demonstrate significant financial growth, characterized by record-breaking quarterly performance and an upward revision of full-year targets.

• Ubisoft reported third-quarter fiscal 2014-15 sales of €809.7 million, a 55.8% year-over-year increase that exceeded initial projections of €730 million.
• Full-year sales targets were raised to approximately €1,440 million, with non-IFRS operating income projected at €165 million.
• Digital revenue surged by 157% during the quarter, representing a significant strategic shift in the company's income composition.

Ubisoft H1 FY15 Earnings Presentation

Ubisoft’s H1 FY15 earnings presentation outlines a period of significant financial growth and operational success, driven primarily by the strong performance of new intellectual property and an expanding digital footprint.

Ubisoft Annual Report 2014

The 2014 Ubisoft Annual Report details a challenging fiscal year characterized by a significant decline in financial performance, primarily driven by the strategic postponement of major titles such as Watch Dogs and The Crew.

• Ubisoft reported a 19.9% decline in annual sales to €1.007 billion and a net loss of €65.5 million for the 2013/2014 fiscal year, largely due to the postponement of major titles like Watch Dogs and The Crew.
• The company set a revenue target of at least €1.4 billion for the 2014/2015 fiscal year, banking on a robust pipeline of intellectual property to return to growth.
• Despite financial losses, the organization maintained a strong equity position of €810 million while continuing to invest in R&D and next-generation console development.

Ubisoft Reports Third-Quarter 2013-14 Sales

Ubisoft’s third-quarter fiscal 2013-14 sales report outlines the company’s financial performance during a period of significant industry transition.

• Ubisoft reported Q3 fiscal 2013-14 sales of €520 million, representing a 35.2% decline compared to the same period in the previous year due to the console generation transition.
• The company adjusted its full-year 2013-14 sales target to approximately €1,000 million, with an anticipated non-IFRS operating loss of €65 million.
• Assassin’s Creed IV Black Flag was a primary performance driver with 10 million sell-in units, while the Just Dance franchise contributed 6 million units.