Ubisoft reported first-half 2025-26 earnings figures, with net bookings of €772.4 million, up 20.3% year-on-year. Q2 net bookings exceeded expectations at €490.8 million, driven by partnerships and a strong back-catalog. The Tencent transaction is on track to close, bringing in €1.16 billion in cash. Ubisoft’s new operating model and cost reduction program are progressing well. The FY2025-26 lineup includes new releases and updates for popular franchises like Assassin’s Creed and Rainbow Six. The company also confirmed its financial targets for the year, expecting stable net bookings and break-even non-IFRS operating income.

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