Ubisoft

Ubisoft Entertainment SA has scheduled its Combined General Meeting for September 30, 2026, at 2:00 PM at the Maison de la RATP in Paris. The primary purpose of this assembly is to facilitate shareholder governance through the review of the agenda and the deliberation of proposed resolutions. This meeting serves as a formal venue for investors to exercise their voting rights and engage with the company’s strategic direction for the upcoming fiscal period.

The company has formalized the disclosure process by publishing the initial meeting notice in the Bulletin des Annonces Légales Obligatoires (BALO) on August 24, 2026, with a follow-up convocation notice scheduled for September 11, 2026. In accordance with updated French commercial regulations, specifically the decree issued on February 13, 2026, Ubisoft has transitioned to a digital-first approach for document distribution. Shareholders are directed to the company’s investor relations portal to access preparatory materials, financial disclosures, and procedural guidelines, as the firm is no longer required to physically mail these documents upon request.

This administrative update confirms the operational status of the company, which maintains a registered capital of 10,558,380.52 euros and is headquartered in Carentoir, France. By centralizing all relevant legal and financial documentation on its corporate website, the organization aims to streamline shareholder participation while remaining fully compliant with the evolving regulatory framework governing French public limited companies. All additional information required by law remains available to shareholders through the designated corporate channels.

Ubisoft maintains transparency regarding its corporate capital structure by providing a monthly disclosure of its share count and voting rights as of August 31, 2026. This filing adheres to the regulatory requirements set forth by the Autorité des Marchés Financiers, ensuring that shareholders and the public remain informed of the company’s equity composition on Euronext Paris.

As of the end of August 2026, the company’s capital consists of 136,237,168 total shares. The corresponding voting rights are reported at 148,049,837 for both the gross and net totals. The gross figure represents the theoretical voting rights used to calculate threshold crossings, encompassing all shares with attached voting rights, while the net figure reflects the voting rights exercisable during general meetings, excluding shares stripped of such rights.

This data serves as a critical metric for investors monitoring ownership stakes and corporate governance within the gaming industry. By distinguishing between total shares and exercisable voting rights, the disclosure provides a precise snapshot of the company’s equity distribution. These figures are updated monthly to reflect any changes in the capital structure, maintaining compliance with French commercial and financial market regulations.

Ubisoft maintains transparency regarding its corporate capital structure as of July 31, 2026, in compliance with the regulatory requirements set forth by the Autorité des Marchés Financiers. This disclosure serves to inform shareholders and the public of the company’s current equity composition and voting power, which are essential metrics for monitoring ownership thresholds and corporate governance activities on the Euronext Paris exchange.

As of the end of July 2026, the company’s share capital consists of 136,237,168 total shares. The corresponding voting rights are reported as 148,060,737 for both the gross and net totals. The gross figure represents the theoretical voting rights used to calculate the crossing of legal ownership thresholds, encompassing all shares with attached voting rights. The net figure, which reflects the voting rights exercisable during General Assemblies, remains identical to the gross figure, indicating that there are currently no shares held in treasury or otherwise deprived of voting rights that would necessitate a reduction from the total.

These figures are published in accordance with the French Commercial Code and the General Regulations of the AMF, ensuring that market participants have access to accurate data regarding the company's capital distribution. By providing these monthly updates, the organization facilitates ongoing regulatory compliance and maintains clear communication with its investor base regarding its equity position within the Compartiment A segment of the Paris stock market.

Ubisoft maintains regulatory compliance with the Autorité des Marchés Financiers by disclosing its capital structure and voting rights as of April 30, 2026. This mandatory monthly update provides transparency regarding the company’s equity composition for shareholders and market participants trading on Euronext Paris, specifically within Compartiment A.

As of the reporting date, the company’s share capital consists of 134,769,321 total shares. The corresponding voting rights are categorized into two distinct metrics to ensure accurate threshold reporting and public transparency. The total gross number of voting rights, which serves as the theoretical basis for calculating ownership thresholds, stands at 149,267,538. This figure accounts for all shares to which voting rights are attached, including those temporarily deprived of voting power, while excluding preference shares that carry no such rights.

The total net number of voting rights, representing those exercisable during General Assemblies, is also 149,267,538. By reporting these figures, the company adheres to the French Commercial Code and the General Regulations of the AMF, ensuring that investors have access to precise data regarding the influence and distribution of voting power within the organization. This disclosure reflects the finalized status of the company’s capital as of the end of April 2026.

Assassin’s Creed Black Flag Resynced achieved significant commercial success following its July 9, 2026, release, recording over 3 million units sold within its first week. This performance was bolstered by a strong initial launch, which saw 2 million copies sold on the first day alone. The title, a comprehensive remake of the 2013 original, serves as a modern iteration of the franchise’s established pirate-themed narrative, utilizing the updated Anvil engine to deliver enhanced visuals and refined gameplay mechanics.

The game’s reception reflects a positive trajectory in player sentiment, with Steam user reviews trending toward a Very Positive rating shortly after launch. This improvement is attributed to proactive post-launch support, including quality-of-life updates, bug fixes, and the announcement of a New Game+ mode designed to increase long-term engagement. Developed by Ubisoft Singapore with extensive support from a global network of fourteen co-development studios, the project demonstrates the company's strategy of revitalizing legacy intellectual property through technical modernization.

Available across major current-generation consoles, Windows PC, and the Ubisoft+ subscription service, the title contributes to the broader success of the Assassin’s Creed franchise, which has surpassed 250 million units sold since its 2007 inception. By integrating updated combat, stealth, and naval systems, the remake aims to maintain the series' status as a cornerstone of the action-adventure genre. This launch underscores the continued market viability of high-profile remakes within the global gaming industry, supported by a commitment to iterative development and responsive community management.

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. This period of contraction was marked by a significant non-IFRS operating loss of €1.04 billion and a total net loss of €1.52 billion, largely driven by elevated research and development expenditures and a lighter release schedule. These financial outcomes reflect a deliberate portfolio rationalization and leadership restructuring aimed at long-term stabilization.

To address these challenges, the company has successfully implemented a transformation plan that has yielded €325 million in cumulative fixed cost reductions since the 2022-23 fiscal year. While the current trajectory anticipates a low point for free cash flow during the 2026-27 period, operational focus remains firmly on strengthening core live-service assets, most notably Rainbow Six Siege. This strategy is designed to improve operational efficiency and restore profitability in the coming years.

Looking toward the future, the organization is positioning itself for a rebound in fiscal year 2027-28, supported by a diversified pipeline of established intellectual properties including Assassin’s Creed, Far Cry, and Ghost Recon. By balancing ongoing support for major franchises with a disciplined approach to new content development, the company aims to transition back to positive non-IFRS EBIT and sustainable free cash flow generation. This outlook underscores a commitment to leveraging its primary brands to drive growth and recover from the recent period of fiscal volatility.

Ubisoft’s 2025-26 fiscal year represents a period of profound organizational and financial restructuring aimed at stabilizing the company’s long-term trajectory within the competitive AAA gaming market. The primary thesis of this transformation is to restore sustainable growth and operational agility by shifting toward a decentralized model centered on five specialized "Creative Houses." This strategic reset is supported by a significant €1.16 billion capital contribution from Tencent, which has been instrumental in strengthening the balance sheet, repaying debt, and facilitating the launch of the Vantage Studios subsidiary to scale core franchises.

Financially, the company faced significant headwinds, reporting a 17.4% decline in annual net bookings to €1,525 million and substantial impairment charges totaling €487.4 million, largely driven by the cancellation or postponement of various game projects. Despite these challenges, the company’s consolidated net income reached €875.2 million, bolstered by non-recurring items and the strategic realignment of its assets. The company is now operating with a more disciplined cost-reduction program, focusing its portfolio on high-potential Open World Adventures and GaaS-native experiences while maintaining a conservative financial risk profile to navigate a lighter release slate in the upcoming fiscal year.

Beyond financial restructuring, the company has formalized a robust governance and risk management framework to address operational, technological, and reputational threats. This includes the integration of AI-driven moderation tools, a centralized data office, and a refined sustainability strategy aligned with CSRD requirements. Executive compensation has been strictly tied to measurable performance indicators, including carbon reduction, player safety, and long-term shareholder return, with leadership demonstrating alignment by waiving variable remuneration during this period of transition. These measures, combined with a commitment to "accessibility by design" and ethical AI adoption, reflect a broader effort to ensure operational resilience and regulatory compliance across its global footprint.

Ubisoft Entertainment S.A. has initiated a global employee shareholding program designed to align the workforce with the company’s long-term development and financial performance. By offering employees the opportunity to acquire equity, the company aims to foster a deeper sense of ownership and engagement among its staff. The program is structured through two primary vehicles: a company mutual fund (FCPE) for those within group savings plans and a direct Shares plus Stock Appreciation Rights (SAR) formula for employees in jurisdictions where local regulatory or tax constraints necessitate a different approach.

The offer is available to eligible employees across fifteen countries, including France, the United States, the United Kingdom, Canada, China, and several other European and Asian markets. To qualify, participants must meet a minimum three-month seniority requirement. The program involves the issuance of up to 2,694,712 new ordinary shares, representing approximately 2% of the company's share capital. The subscription price for these shares is set at a 15% discount relative to the volume-weighted average price of the stock on Euronext Paris, with a mandatory five-year lock-up period for participants.

The implementation process is scheduled to conclude with a capital increase on September 17, 2026. While the company has established a comprehensive framework for the offering, it retains the discretion to postpone or cancel the program based on market conditions or legal requirements. The initiative is strictly voluntary, and the company emphasizes that it does not constitute investment advice, encouraging employees to consider their personal financial situations and portfolio diversification before participating. The program excludes certain individuals, including those subject to specific international sanctions, and is subject to compliance with local securities laws in each participating jurisdiction.

Ubisoft maintains transparency regarding its corporate structure and shareholder equity as of May 31, 2026, in compliance with the regulatory requirements set forth by the Autorité des Marchés Financiers. This disclosure serves to inform the public and market participants of the company’s current capital composition and voting power, which are essential metrics for monitoring ownership thresholds and corporate governance.

As of the reporting date, the company’s share capital is comprised of 135,945,254 total shares. The corresponding voting rights are categorized into two distinct figures: a gross total of 150,439,673 theoretical voting rights and a net total of 150,439,673 exercisable voting rights. The gross figure accounts for all shares to which voting rights are attached, including those that may be temporarily restricted, while the net figure represents the voting power available for use during General Assemblies.

These figures are calculated in accordance with the French Commercial Code and the general regulations of the French financial markets authority. By providing these data points, the organization ensures that investors have an accurate basis for calculating threshold crossings and understanding the distribution of influence within the company. The information pertains exclusively to Ubisoft’s listing on Euronext Paris, specifically within Compartiment A, under the ISIN code FR0000054470.

Ubisoft’s 2025-26 Universal Registration Document serves as the definitive annual financial disclosure for the company, covering the fiscal period from April 1, 2025, to March 31, 2026. The primary purpose of this filing is to provide audited financial statements and operational transparency to stakeholders, superseding preliminary figures released in May 2026. The document confirms a total net booking figure of €1.53 billion for the fiscal year, reflecting the company’s performance across its global portfolio of intellectual properties, including major franchises such as Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six.

A critical technical adjustment is highlighted regarding the company’s balance sheet. Following the completion of statutory audit procedures, a reclassification was executed between long-term and short-term borrowings. This change specifically addresses the early redemption option associated with the OCEANE convertible bond maturing in November 2028. While this adjustment alters the categorization of debt obligations to account for bondholder-initiated redemption rights, it has no impact on the total financial debt reported by the organization.

The scope of the report encompasses Ubisoft’s worldwide operations, focusing on its integrated ecosystem of gaming services. This includes the Ubisoft Connect platform and the Ubisoft+ subscription service, which provides access to a catalog exceeding 100 titles and downloadable content. By formalizing these audited results, the company establishes its final financial standing for the 2025-26 period, ensuring that all debt structures and revenue metrics are accurately represented for investors and regulatory bodies.

Ubisoft maintains transparency regarding its corporate structure and shareholder voting power as of June 30, 2026. This disclosure serves to satisfy regulatory requirements mandated by the Autorité des Marchés Financiers, specifically concerning the public reporting of share capital composition and voting rights for entities listed on Euronext Paris.

As of the end of June 2026, the company’s capital consists of 135,945,254 total shares. The corresponding voting rights are reported at 147,299,294 for both the gross and net figures. The gross total represents the theoretical voting rights used to calculate threshold crossings, encompassing all shares with attached voting rights, while the net total reflects the exercisable voting rights available for use during General Assemblies.

These figures are derived from internal corporate records and are published in accordance with the French Commercial Code and the General Regulations of the AMF. By distinguishing between theoretical and exercisable voting rights, the company provides stakeholders with a precise overview of its governance structure and the distribution of influence within its equity base. This reporting cycle ensures that market participants remain informed of any fluctuations in the company’s capital composition on a monthly basis.

Ubisoft has appointed industry veteran Christoph Hartmann as the General Manager of Creative House 2, a strategic division central to the company’s revised operating model. This appointment signals a focus on consolidating leadership for the publisher’s competitive and cooperative battlefield-driven franchises. Hartmann is tasked with overseeing the long-term development and strategic direction of a portfolio that includes established intellectual properties such as Tom Clancy’s The Division, Ghost Recon, and Splinter Cell, as well as the recently acquired multiplayer online battle arena title, March of Giants.

Hartmann brings over two decades of executive experience to the role, having previously served as President of 2K Games and Vice President of Amazon Games. His background includes scaling global organizations and managing major franchises like Borderlands, BioShock, and NBA 2K. By integrating his expertise in both development and publishing, Ubisoft aims to provide the necessary structure and vision to support its internal studios, including Massive, Ubisoft Montreal, Ubisoft Paris, and Ubisoft Toronto, in delivering high-intensity gaming experiences.

This leadership change occurs within the context of Ubisoft’s broader corporate structure, which reported net bookings of €1.53 billion for the 2025-26 fiscal year. The creation of specialized Creative Houses represents a shift toward a more focused organizational approach, intended to deepen player engagement across the company’s diverse catalog. By placing a seasoned executive at the helm of Creative House 2, the company seeks to ensure the sustained growth and creative evolution of its most prominent tactical and competitive brands in an increasingly demanding global market.