Ubisoft ( (UBSFY) ) has released its Q2 earnings. Here is a breakdown of the information Ubisoft presented to its investors.
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Ubisoft, a leading video game publisher known for franchises like Assassin’s Creed and Tom Clancy’s series, has reported its first-half earnings for the fiscal year 2025-26. The company operates in the interactive entertainment industry and is recognized for its creative game development and global reach.
In its latest earnings report, Ubisoft announced net bookings of €772.4 million for the first half of 2025-26, marking a 20.3% increase year-over-year. The company also highlighted the imminent closing of a strategic transaction with Tencent, which is expected to strengthen its financial position significantly.
Key financial metrics from the report include a 39% year-on-year increase in Q2 net bookings, reaching €490.8 million, surpassing the guidance of €450 million. This growth was driven by strong partnerships and a robust back-catalog. The company is also on track with its cost reduction program, aiming for €100 million in savings by FY2026-27.
Ubisoft’s strategic transformation is progressing with the upcoming closure of the Tencent transaction, which will provide €1.16 billion to deleverage the group and support its new operating model. The company plans to finalize its new structure, centered around Creative Houses, by the end of the year, with full details to be revealed in January 2026.
Looking ahead, Ubisoft confirms its FY2025-26 targets, expecting stable net bookings and approximately break-even non-IFRS operating income. The company anticipates returning to positive non-IFRS operating income and free cash flow generation in FY2027, driven by significant content from its largest brands.