Ubisoft’s latest earnings report is live, revealing that the company wasn’t acquired and that an accounting issue caused the earnings delay.
Earlier this week, it was revealed that Ubisoft’s H1 FY 2025-26 earnings report has been put on hold, and it will be published before trading opens on Friday, November 21. Now, that day has arrived, and we have received some exciting details from the report, including what OT really is.
Ubisoft Earnings Report Reveals Details on Tencent Deal
The new earnings report deal reveals that Tencent’s €1.16 investment in Vantage Studios should close in the coming days as all conditions precedent have been satisfied. The transaction will deleverage the group and accelerate Vantage Studios’ IP. Moreover, a cash position of €668m and the €1.16bn will significantly deleverage the group and enable it to make early repayments of the €286m Term Loan and Schuldschein loans.
Moreover, the company revealed that it has “reviewed its analysis relating to the IFRS 15 revenue recognition of a partnership in FY2024-25,” leading it to restate its FY2024-25 accounts under IAS 8. The Ubisoft report reveals that this position, applied by the group, led to a partnership signed in Q2 FY2025-26 not being recognized as IFRS 15 revenue, resulting in the company “not complying with its leverage covenant ratio under certain existing financing agreements at September 30, 2025.”
However, this will be addressed through the previously mentioned “early repayment of the Term Loan and Schuldschein
loans which have an outstanding principal amount of c.€286m.” Additionally, the restatement didn’t impact the group’s non-IFRS indicators.
For those unaware, the Chief Financial Officer at Ubisoft, Frederick Duguet, had informed staff that they were pausing Ubisoft’s stock “to limit unnecessary speculation and market volatility.” Ubisoft had requested that Euronext halt trading of its shares and bonds until the “publication of its first-half 2025-26 results.” Now that the report is finally live, players should expect trading in Ubisoft stocks to resume.
In other news, Ubisoft has stated that people are “playing fewer games,” which makes it harder for new games to stand out. Additionally, Mark Rubin has revealed that Splinter Cell was not cancelled to make XDefiant. What are your thoughts on OT details from Ubisoft’s latest earnings report? Leave your thoughts down in the comments, and join the official Insider Gaming Discord server.
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People aren’t playing less single player games, they’re just not playing ubislop games..
Not playing as many games?! Who are you gaslighting? Battlefield 6 is crushing it. Ubisoft you need to stop doing what you’re doing. Hollywood is realizing this too, the small demographic that you’re catering too is why you’re saying that. Make games for the masses, and you’ll get back to where you were.