Ubisoft Wasn’t Acquired, Says Accounting Issue Was Cause of Earnings Delay

Ubisoft recently released its financial report, confirming it hasn’t been bought by another company. The report was delayed due to a problem with its accounting.

Ubisoft recently delayed its financial report for the first half of the 2025-26 fiscal year, but it’s now available. The report, released before markets opened on November 21st, contains some interesting information, including an explanation of what ‘OT’ refers to.

Ubisoft Earnings Report Reveals Details on Tencent Deal

Tencent is expected to finalize its €1.16 billion investment in Vantage Studios within the next few days, as all necessary requirements have been met. This deal will reduce the company’s debt and help Vantage Studios develop its content. Combined with its existing cash reserves of €668 million, the investment will allow the company to pay off €286 million in loans early.

The company also announced it re-examined how it accounted for revenue from a partnership in the fiscal year 2024-25, following IFRS 15 standards. This led to a correction of its financial statements under IAS 8. According to Ubisoft, applying this new approach meant a partnership deal signed in the second quarter of fiscal year 2025-26 wasn’t counted as revenue as previously reported. As a result, the company didn’t meet the terms of its loan agreements as of September 30, 2025.

This will be resolved by repaying around €286 million of existing loans – specifically the Term Loan and Schuldschein loans – as previously stated. Importantly, this correction didn’t affect the company’s key financial metrics outside of standard accounting rules.

Ubisoft temporarily stopped trading of its stock to prevent market instability and rumors. They asked the Euronext exchange to pause trading of shares and bonds until their financial results for the first half of 2025-26 were released. With those results now available, Ubisoft stock trading is expected to restart.

Ubisoft recently reported that players aren’t trying as many different games, making it more challenging for new titles to gain attention. They also clarified that the cancellation of Splinter Cell wasn’t related to the development of XDefiant. What do you think about these details from Ubisoft’s latest financial report? Share your opinions in the comments below, and consider joining the TopMob Discord server!

You can find more details about the surprise release of the Silent Hill 2 Remake on Xbox Series X/S at TopMob. Be sure to subscribe to our weekly newsletter for more updates!

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2025-11-21 11:48