Summary
Ubisofthas announced its fiscal year 2024–2025 results, revealing millions in losses. The French video game giant has faced its fair share of struggles lately amid shareholder drama and many big releases failing to live up to the company’s expectations. While there were some bright spots early in 2025, they weren’t enough to pullUbisoftout of the red for the period.
TheFar Crypublisher’s monetary troubles were evident before its latest report detailed their scope. In late March of this year,Ubisoft created a new Tencent-backed subsidiaryto take over some of its biggest properties in a move to offload some operating expenses and inject cash into the brand. How that strategy will impact the company’s performance has yet to be seen, but in light of the past year’s earnings, there’s a lot of room for improvement.
On May 14,Ubisoft released its 2024-2025 earnings figures, showcasing a staggering €159 million loss, equal to roughly $177.9 million. The company’s net bookings, which include digital and physical game sales alongside subscription-related revenue, totaled €1.85 billion (roughly $2 billion), a 20.5% drop from the previous year. Still, there were some upsides. Notably,Assassin’s Creed Shadowsbecame one of the best-selling games of 2025and, according to Ubisoft’s report, had the second-highest day-one sales of any game in the franchise. TheAssassin’s CreedandRainbow Sixbrands, as a whole, showcased strong user numbers throughout the year, too.
Ubisoft Reports Nearly $178 Million in Losses for the Past Fiscal Year
Despite those wins, Ubisoft wasn’t able to overcome the poor sales performance of some of its other titles. Many playersfoundStar Wars Outlawsunderwhelming, andXDefiantwill shut down in June 2025, just over a year after its release. While Ubisoft was able to reduce its debt by an impressive €100 million, losses from games like these failing to meet expectations stopped the company from achieving profitability for the year.
Looking forward, Ubisoft expects to roughly break even in the 2025-2026 fiscal year and take its consolidated debt down to zero after the Tencent deal closes. Higher sales could be in store, too, asUbisoft has delayed several big titles to 2026and beyond. A backlog of content forAssassin’s Creed Shadowsand other existing Ubisoft titles may also help improve the company’s finances. After the next fiscal year, the group hopes to return to making a net profit, but only time will tell if it can succeed in meeting that goal.
