Ubisoft Entertainment SA
XBER:UEN

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Ubisoft Entertainment SA Logo
Ubisoft Entertainment SA
XBER:UEN
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Price: 6.664 EUR 4.26% Market Closed
Market Cap: 1.3B EUR

Ubisoft Entertainment SA
Investor Relations

Founded in the heart of Brittany, France, Ubisoft Entertainment SA began its journey in 1986, carved out by the piercing vision of the Guillemot brothers. What started as a modest family venture rapidly evolved into a titan of creativity in the gaming industry. Ubisoft's rise was fuelled by its knack for developing compelling narratives and immersive worlds, attracting a passionate global community. The company is best known for blockbuster franchises like Assassin’s Creed, Far Cry, and Tom Clancy’s series, which not only sell millions of copies but also define cultural zeitgeists. Operating across multiple studios worldwide, Ubisoft capitalizes on its diverse talent pool to produce games that resonate across different platforms—including consoles, PCs, and increasingly, mobile devices—balancing between innovation and familiar storytelling.

Ubisoft's business model smartly interlaces product sales with post-launch monetization and digital services. While a significant portion of revenue is derived from initial game sales, especially during peak periods, such as holiday seasons, the company's financial strategies have significantly shifted toward digital revenues. The introduction of microtransactions, downloadable content (DLC), season passes, and subscription services like Ubisoft+ has created continual revenue streams beyond the point of sale. These digital models not only add longevity to the gaming experience but also foster an ongoing relationship with the player base, turning one-time players into long-term customers. The company's forward-looking adoption of emerging technologies and platforms ensures that it remains agile within the ever-evolving interactive entertainment landscape.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 21, 2025
AI Summary
Q2 2026

Tencent Deal: Ubisoft's strategic partnership with Tencent is closing imminently, bringing in EUR 1.16 billion in cash to support deleveraging and financial stability.

Net Bookings Beat: H1 net bookings were EUR 772 million, up 20% year-on-year and above guidance, driven by strong partnerships and solid performance in major franchises.

Assassin’s Creed Momentum: The Assassin’s Creed franchise outperformed expectations, with session days up 35% over the average of the last two years and new content driving player engagement.

Cost Reductions: Fixed costs were reduced by EUR 69 million, or 9% year-on-year, supported by headcount reductions and restructuring.

Guidance Affirmed: Ubisoft reaffirmed its full-year outlook for net bookings to be stable year-on-year and expects breakeven operating income and negative free cash flow for fiscal '26.

Q3 & Q4 Outlook: Q3 net bookings are expected around EUR 305 million; Q4 is set to be strong with several new releases and continued partnership contributions.

IFRS Restatement: Financial results were delayed due to an IFRS 15 accounting restatement triggered by a new auditor panel; management emphasized this does not affect cash flow or non-IFRS metrics.

Key Financials
Net Bookings (H1)
EUR 772 million
Net Bookings (Q2)
EUR 491 million
Monthly Active Users
34 million
Unique Users (Console & PC)
88 million
Digital Net Bookings (Q2)
EUR 436 million
PRI (Player Recurring Investment)
EUR 323 million
Mobile PRI
EUR 26 million
Gross Margin
up more than 3.5 percentage points year-on-year
SG&A
down 16%
Non-IFRS EBIT (H1)
EUR 27 million
Total Cash R&D
down 11% or EUR 70 million
Free Cash Flow
minus EUR 251 million
Non-IFRS Net Debt
EUR 1.15 billion
Cash and Cash Equivalents
EUR 668 million
Headcount
1,797
Fixed Cost Base (H1)
EUR 701 million
Net Bookings (Q3 guidance)
EUR 305 million (expected)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Yves Guillemot
Co-Founder, Chairman, CEO, President & Chief Creative Officer
No Bio Available
Mr. Claude Guillemot
Executive VP of Operations & Director
No Bio Available
Mr. Michel Guillemot
Executive VP of Development, Strategy & Finance and Director
No Bio Available
Mr. John Parkes
MD of France & Employee Shareholders Representatives Director
No Bio Available
Mr. Christian Guillemot
Executive VP of Administration & Director
No Bio Available
Michael Burk
Senior Director of Corporate Public Communications
No Bio Available
Mr. Gerard Guillemot
Executive VP of Publishing & Director
No Bio Available
Mr. Laurent Detoc
Chief Direct to Player
No Bio Available
Mr. Alain Corre
Chief Publishing Officer
No Bio Available
Mr. Bertrand Chaverot
Managing Director of Latin America
No Bio Available

Contacts

Address
BRETAGNE
Carentoir
2 Rue du Chene Heleuc, Carentoir Cedex 2
Contacts
+33148185000.0
www.ubisoft.com