Reuters
Thu, February 12, 2026 astatine 10:47 AM CST 2 min read
Feb 12 - French video crippled steadfast Ubisoft confirmed its full-year fiscal targets connected Thursday aft third-quarter bookings exceeded institution forecasts, driven by its flagship "Assassin's Creed" franchise.
Net bookings for the 4th reached 338 cardinal euros ($402 million), up 12% year-on-year and supra the 305 cardinal euro guidance the institution issued successful November.
Ubisoft maintained its forecast for full-year bookings of astir 1.5 cardinal euros and an operating nonaccomplishment of astir 1 cardinal euros.
Ubisoft's shares person fallen much than 80% from their 2018 highest arsenic the institution grappled with crippled delays, weak execution, and capitalist concerns implicit its quality to instrumentality to profitability.
The guidance was initially announced successful January erstwhile Ubisoft unveiled a reorganization that included cancelling six games and closing studios successful Halifax, Canada, and Stockholm. The institution had primitively projected 1.9 cardinal euros in bookings before the January overhaul, which divided operations into 5 genre-focused divisions called "Creative Houses."
The assignment of Creative House enactment volition commencement successful March and see outer hires of manufacture veterans, Ubisoft said.
Ubisoft, besides down the "Far Cry" franchise, said its brands attracted astir 130 cardinal unsocial progressive users crossed consoles and PC successful 2025. The 3rd quarter's outperformance was driven by coagulated performance from "Assassin's Creed Shadows," which launched connected Nintendo's Switch 2 successful December.
Ubisoft said it expects currency reserves of betwixt 1.25 cardinal and 1.35 cardinal euros by end-March, capable to screen a enslaved maturity of just nether 500 million euros owed successful November 2027.
Chief Financial Officer Frederick Duguet said successful a telephone the institution is "looking astatine respective options" to widen the mean maturity of its indebtedness beyond that date. The company's full indebtedness stood astatine 1.15 cardinal euros astatine end-September.
($1 = 0.8412 euros)
(Reporting by Leo Marchandon in Gdansk; Editing by Matt Scuffham)

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