Ubisoft reports net bookings below expectations in Q1 2026

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.”