Ubisoft's full FY26 financial report shows a sharp decline in revenue and net bookings

Ubisoft has released its financial results for the full 25-26 fiscal year, reporting a sharp decline in revenue and net bookings, down 21.8% and 17.4% year-over-year (YoY), respectively, due to the "softer new release schedule" and new operating model . The publisher/developer commits to "pursu[ing] and comple[ting] the execution of this transformation" over the next financial year, but warns "this year is expected to represent a low point in our free cash flow trajectory, along with a softer release slate and restructuring costs." As we move into the 26-27 financial year, a "strong rebound" is expected with positive free cash flow (FCF) in FY27-28, and "robust" FCF for FY28-29.

Ubisoft's full FY26 financial report shows a sharp decline in revenue and net bookings. Ubisoft has released its financial results for the full 25-26 fiscal year, reporting a sharp decline in revenue and net bookings, down 21.8% and 17.4% year-over-year (YoY), respectively, due to the "softer new release schedule" and new operating model . The publisher/developer commits to "pursu[ing] and comple[ting] the execution of this transformation" over the next financial year, but warns "this year is expected to represent a low point in our free cash flow trajectory, along with a softer release slate and restructuring costs." As we move into the 26-27 financial year, a "strong rebound" is expected with positive free cash flow (FCF) in FY27-28, and "robust" FCF for FY28-29. Here's what you need to know: The numbers: For the full year ending March...