Everyone predicted a crisis, but Ubisoft earned $772 million. Assassin’s Creed saved the company’s results

Things are going really well for Ubisoft! We just had a great six months, and we actually beat what the experts were predicting. A big part of that success was definitely thanks to the Assassin’s Creed games – they really pulled through!

Despite recent difficulties, Ubisoft is doing well financially. Between April and September 2025, the company made $772 million in net bookings – a 20% increase compared to the same period last year. Players spent 45% more money in games, though this number dipped slightly when factoring in the cancellation of XDefiant.

The strong results are largely thanks to the recent quarter and Ubisoft’s collaborations – including TV shows like Splinter Cell: Deathwatch and the expansion for Avatar: Frontiers of Pandora – plus surprisingly good performance from the Assassin’s Creed franchise. For instance, 10 million people have already played Mirage on various platforms (this number reflects player count, not just copies sold).

Despite recent positive developments, Ubisoft reported an operating loss of $120 million according to IFRS standards. This loss appears to be driven by high operating costs, likely related to a specific development project the company has underway.

Tencent is investing in Ubisoft again

Despite reports, Tencent’s upcoming investment in Ubisoft wasn’t the cause of the company’s delayed financial results (or a potential full takeover). Tencent is preparing to invest $1.16 billion in Vantage Studios, a new Ubisoft division that will focus on developing its key French game franchises. The deal is expected to be completed within the next few days.

Ubisoft postponed the release of its financial report due to an accounting error, and for no other reason. After reviewing its 2024-2025 financial statements, the company discovered it needed to resubmit them to comply with accounting regulations (specifically, International Accounting Standard No. 8). While this created some technical difficulties, Ubisoft is already working to resolve them.

The company anticipates net bookings of $305 million next quarter, driven by the launches of Anno 117: Pax Romana, Prince of Persia: Sands of Time Remake, and another game that hasn’t been revealed yet.

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2025-11-21 17:02