Ubisoft Reports Strong Q3 Performance with 12% Growth in Net Bookings
Ubisoft recently shared its financial results for the nine months concluding December 31, 2025, revealing an 18% surge in net bookings, totaling €1.1 billion, fueled by the success of the Assassin’s Creed franchise.
The company’s back-catalog sales saw an 11% rise in Q3, reaching €297 million, with contributions from franchises such as Avatar and The Division.
Financial Overview
For the nine months ending December 31, 2025:
- Revenue: €976.2 million (a slight decline of 1.4% year-on-year)
- Net bookings: €1.1 billion (an increase of 18% year-on-year)
- Digital net bookings: €941.7 million (up 20% year-on-year)
- Back-catalog net bookings: €1.03 billion (up 36.2% year-on-year)
For the three months ending December 31, 2025:
- Net bookings: €338 million (up 12% year-on-year)
- Digital net bookings: €297 million (up 10.7% year-on-year)
Highlights of the Quarter
Q3 net bookings exceeded Ubisoft’s expectations, driven by partnerships and the Assassin’s Creed franchise. The launch of Anno 117: Pax Romana surpassed Anno 1800, while Rainbow Six Siege met its targets. Monthly active users (MAUs) for Rainbow Six Siege grew year-on-year, with significant increases in daily active users following its recent updates.
Ubisoft reported 130 million monthly active users across console and PC platforms in 2025, with December seeing 38 million users, a 3% increase from the previous year.
In a notable move, Ubisoft finalized Tencent’s €1.16 billion investment in Vantage Studios, enhancing the management of key franchises. Additionally, the acquisition of the upcoming MOBA March of Giants from Amazon Game Studios formed part of a strategic shift following workforce reductions within Amazon’s publishing division.
Ubisoft also announced a restructuring plan to enhance focus and streamline decision-making, with key leadership roles expected to be filled by March 2026. Plans to reduce the Paris workforce by around 200 roles are already underway.
In light of these changes, over 1,200 employees recently participated in a three-day international strike, prompting the company to emphasize its commitment to open dialogue with employees.
Key Takeaways
- Financial Growth: Substantial growth in net bookings, driven by flagship franchises.
- Engagement Metrics: Rising monthly active users highlight the success of new releases and legacy titles.
- Strategic Partnerships: Collaboration with Tencent aims at enhancing franchise management.
- Acquisitions and Expansions: Acquisition of new titles indicates interest in diversifying the portfolio.
- Restructuring and Workforce Changes: New organizational structure may affect employee sentiment and operational efficiency.
- Employee Response: The international strike signifies the need for careful management of internal communications.