As part of its transformation, Ubisoft (UBSFY) has taken a number of decisions impacting the Group’s release schedule and portfolio composition. As a consequence, the Group no longer considers its previously communicated FY2026-27 guidance to be an appropriate reference and will therefore update it in May 2026. For FY2025-26, Ubisoft now expects: net bookings of around EUR1.5B, translating into approximately EUR330M gross margin reduction; Non-IFRS EBIT of around (EUR1B), mainly reflecting both the impact of the updated FY26 net bookings assumptions described above and the following transformation-related decisions that led to a one-off accelerated depreciation of around EUR650M. In addition, ahead of the publication of its Q3 FY2025-26 net bookings scheduled for February 12, Ubisoft is providing an indicative net bookings figure of approximately EUR330M, primarily driven by an overperformance linked to partnerships and reflecting a robust back-catalog.
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