Ubisoft has said this year represents a “low point” for the company as it enacts its turnaround plan, and noted that two major mobile game launches had got off to a slow start.
In its latest financial results the French firm said both Rainbow Six Mobile and The Division Resurgence “had a slow start”, noting that the development teams on both games “are working towards broadening their respective audiences”.
In the earnings call that followed, revenue for both big-name shooters was described as “slower than expected” by CFO Frédérick Duguet, who added: “We remain cautious on the forecast for both games until we can see more meaningful growth.”
Elsewhere in the earnings call, Ubisoft said mobile net bookings stood at €29m, or ~$33.7m, for FY25-26, “up mid-single digit year-on-year, excluding partnerships”. Mobile dropped as a proportion of Ubisoft’s overall net bookings year-on-year from 16% in FY24/25 to 7% in FY25/26.
Invincible: Guarding the Globe was a bright spot for Ubisoft mobile, though. It benefited from the release of the new TV series which helped the game hit “record activity levels” in early FY26/27. The game’s overall net bookings are up over 50% this fiscal year, Ubisoft said.
Overall, Ubisoft noted that the company’s transformation plan was “well underway” after its €1.16bn (~$1.35bn) deal with Tencent that saw the Chinese giant take a significant stake in the business. As part of the restructure, seven projects were cancelled, six games were delayed and Ubisoft split its workforce into five different ‘creative houses’.
“This year is therefore expected to represent a low point in our free cash flow trajectory, along with a softer release slate and restructuring costs,” said Ubisoft cofounder and CEO Yves Guillemot.
“This two-year transformation comes with difficult decisions and a disappointing short-term financial performance, but I firmly believe that, together, these actions are better positioning Ubisoft to deliver sustainable free cash flow over time.”
Ubisoft’s overall net bookings for the year stood at €1.53bn (~$1.78bn), down 17% year-on-year, reflecting a softer release schedule compared to the previous year, which saw the launch of Assassin’s Creed Shadows. Cost reductions and a stronger release slate mean Ubisoft forecasts positive cash flow for FY27/28 and beyond.
