Ubisoft today released its financial report for the first quarter of the 2025-2026 fiscal year, which ended on June 30. The results were, in a word, mixed. According to the company, Assassin’s Creed Shadows performed well, but the recent relaunch of Rainbow Six Siege X didn’t deliver what the company was hoping it would. It currently expects stable net bookings for this fiscal year, with the deal with Tencent expected to close by the end of 2025.
Overall net bookings reached €281.6 million, or about $330 million, which was well below its €310 million target and a 2.9% drop year-over-year. Assassin’s Creed Shadows hit the 5 million player mark and noted the potential of the Claws of Awaji expansion. This was “in line with expectations.” However, Rainbow Six Siege X under-performed on the financial front, which Ubisoft attributes to “a pricing exploit with prepaid currency cards that temporarily inflated virtual currency wallets.”
Ubisoft CEO Yves Guillemot said in a statement, “The first quarter delivered mixed results. On the positive side, Assassin’s Creed Shadows delivered on its expectations, with now more than 5 million unique players since its launch, and Rainbow Six Siege X received highly positive player feedback… However, player spending in Rainbow Six Siege faced temporary but significant disruptions due to technical pricing issues, which have now been identified and addressed. Despite this one-off setback, the growth potential of the game is strong with solid traction on activity and in-game spending.”
In the house of Ubisoft
Among other results, Ubisoft notes that the games for the rest of the year include Anno 117: Pax Romana, Rainbow Six Mobile and The Division Resurgence. It also confirms that it expects to release the Prince of Persia: Sands of Time remake sometime this fiscal year (though it doesn’t confirm when). It expects Q2 revenues to be around €450 million, or about $529 million, thanks in part to “strategic B2B partnerships, including new ones, growing Rainbow Six Siege X contribution and material TV Series milestone-based revenues.”
The report also noted Ubisoft’s project in creating different subsidiaries for its various projects, or “Creative Houses,” as Guillemot called them. Last week, the company announced the co-CEOs of the first subsidiary, Christophe Derennes and Charlie Guillemot. This Creative House will oversee the company’s flagship franchises: Assassin’s Creed, Far Cry and Rainbow Six.
Yves Guillemot added, “These units will reflect our diverse types of gaming experiences and will allow for enhanced quality, focus, autonomy and accountability. Over time, each of these Creative Houses will boost creative vision and business performance… The recent announcement of its leadership team marks an important milestone as we move toward a more agile and focused organization while ensuring necessary long-term stability and creative vision.”