Summary
- Ubisoft reported a €159 million loss for fiscal year 2024-2025, with a 20.5% drop in net bookings.
- Assassin's Creed Shadows had strong sales, but poor performances by other titles led to losses.
- Ubisoft aims to break even in 2025-2026, reduce debt to zero, and return to profitability in the future.
Ubisoft has 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 pull Ubisoft out of the red for the period.
The Far Cry publisher's monetary troubles were evident before its latest report detailed their scope. In late March of this year, Ubisoft created a new Tencent-backed subsidiary to 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.
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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 Shadows became one of the best-selling games of 2025 and, according to Ubisoft's report, had the second-highest day-one sales of any game in the franchise. The Assassin's Creed and Rainbow Six brands, 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 players found Star Wars Outlaws underwhelming, and XDefiant will 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, as Ubisoft has delayed several big titles to 2026 and beyond. A backlog of content for Assassin's Creed Shadows and 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.
- Date Founded
- March 28, 1986
- Headquarters
- Saint Mandé, France
- CEO
- Yves Guillemot
- Subsidiaries
- Massive Entertainment, Ubisoft Paris, Ubisoft Quebec, Ubisoft San Francisco
- Known For
- Rainbow Six, Prince of Persia, Far Cry, The Crew