Ubisoft Reports Significant Losses, Eyes FY28 Profitability
Ubisoft experienced a substantial revenue and booking drop in FY26, with losses projected to continue before a return to profit in FY28.
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Ubisoft’s latest fiscal report records a major drop in revenue but increased bookings in older multiplayer titles
Ubisoft's fiscal year report ending March 31, 2026, shows a 21% drop in revenue to €1.4B ($1.6B) year-on-year, with the fourth quarter seeing a 47% decline. Despite this, older titles like Rainbow Six Siege and The Division 2 saw increased player engagement and bookings, alongside continued strong performance from Assassin's Creed games. CEO Yves Guillemot attributed the profit drop to a softer release schedule and the costs of its Creative Houses model but expressed confidence in future growth.
Ubisoft Reports €1.3 Billion in Losses For FY26, Projects More Losses Next Year, Profits in FY28
Ubisoft reported a loss of €1.3 billion for the fiscal year ending March 31, 2026, with net bookings down 17.4 percent. The company forecasts further losses in FY27 but expects profitability to return in FY28, driven by upcoming titles in major franchises like Assassin's Creed, Far Cry, and Ghost Recon. This financial outlook follows a significant restructuring, game cancellations including Prince of Persia: The Sands of Time Remake, and recent layoffs, which have led to criticism from employee unions regarding leadership and diversity.
Ubisoft's full FY26 financial report shows a sharp decline in revenue and net bookings
Ubisoft reported a significant decline in revenue and net bookings for its fiscal year ending March 31, 2026, attributing it to a softer release schedule and restructuring costs. The company anticipates this year to be a low point for free cash flow, with a rebound expected in FY27-28. Despite financial challenges, key live service titles like Rainbow Six Siege and Assassin's Creed continue to show strong engagement.
