Following a brief postponement, Ubisoft has released its first-half financial results for 2025-2026. The firm claims that its Q2 net bookings surpassed expectations and its agreement with Tencent to invest $1.2 billion in Vantage Studios—a new subsidiary dedicated to its three primary franchises—is anticipated to finalize in a matter of days.
Ubisoft reports that its Q2 net bookings were elevated by 39% compared to the previous year, fueled by an unexpectedly robust performance across its gaming portfolio and television initiatives. The corporation had initially estimated it would achieve $520 million in quarterly revenue, but this number rose to $566.7 million.
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“Our portfolio displayed varied trends this quarter, with softer patterns for Rainbow Six Siege, indicating a period of transformation for the game in a competitive FPS landscape, counterbalanced by strong results throughout the rest of the offerings. The Assassin’s Creed brand surpassed our expectations, affirming its positive trajectory and capacity to engage players over time. The Division 2 also continued to show robust performance, benefiting from the momentum of the Battle for Brooklyn DLC,” said Ubisoft CEO Yves Guillemot in a press statement.
The establishment of a new operational model centered around “Creative Houses” remains on schedule, with Ubisoft asserting that these will cultivate “stronger creative vision, enhanced focus, efficiency, autonomy, and accountability” as it aims to finalize these initiatives by the year’s end. A comprehensive unveiling of the new operational model is set for January 2026.
Looking forward, Ubisoft anticipates that its net bookings will remain consistent year-on-year, forecasting third-quarter net bookings of $352 million. After the original date for Ubisoft’s fiscal report was postponed, there were speculations that the company may have found a private purchaser, similar to EA’s sale to Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and the private equity firm Silver Lake.
CFO Frederick Duguet informed staff in an internal correspondence that the reason for the delay was to allow Ubisoft to take “additional time to finalize the semester’s close” and to mitigate “unnecessary” speculation.
Ubisoft has experienced a challenging period recently, with reports indicating that it canceled a Civil War-themed Assassin’s Creed installment and that Assassin’s Creed creative lead Marc-Alexis Côté departed Ubisoft in October. In the earnings report released in July 2025, the company noted a continued decline in revenues at that time.
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