Roaad

If you are going out. . .Please get the resync out before you go out!!!


Please!

Ubisoft stock tumbles 18% as FY26 earnings push profitability recovery back another year

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Ubisoft published its full year FY2025-26 earnings on May 20th, and the headline story is a familiar one. Revenue fell 21.8% to €1.4 billion, net bookings dropped 17.4% to €1.5 billion, and the company posted an operating loss of €1.3 billion for the year. The stock fell more than 16% on the day, extending a year-to-date decline of around 38%.

What happened with Ubisoft Earning Call?
The reaction is less about one bad year and more about how Ubisoft needs another year of moving investment to see profitability again. When the company set out its FY26 targets, it projected stable net bookings and approximately break-even operating income, with a return to positive operating income and free cash flow in FY27. Neither target was met, and the recovery milestones have now shifted again.

FY2026-27 is now framed as the low point for free cash flow rather than the year of recovery, with free cash flow consumption of no more than €500 million expected.Ubisoft does not expect to rebound on its financial forecasts until FY2027-28, with robust cash generation pushed out to FY2028-29.

It comes with Tencent cash injection last year of 1.16 billion leading the charge, with continued live service operations, and some other success stories this year bringing home some of the bread.

Heroes of Might and Magic: Olden Era, which launched into early access at the very start of FY27, sold 250,000 copies in under 24 hours and hit 650,000 within its opening weekend. Ubisoft owns the IP and collects licensing returns with minimal outlay. Assassin’s Creed: Black Flag Remastered is also confirmed for July 9, with strong early pre-order momentum, particularly in China. It will likely perform very well in the West, too. And Rainbow Six Siege continues to generate consistent live service income that is quietly holding the company together while the wider portfolio resets. Other smaller titles like For Honor even got mentioned as doing well relative to its size and scope.

Overall, its back catalog seems to have performed better than quarter estimations by €415m, versus guidance of around €390m in Q4. So, it’s not all bad. But, it does admit its overall sales figures are down, by and large due to restructuring plans reducing the amount of new games and other projects that launched in that period.

But, it is slowly running out of runway. It will be very interesting to see how far this rebuild can go and to what success it can actually bring in the next two years.

It comes as other hype enters the investor market, with Embracer announcing some major shakeup and confirmation of new Warhorse LOTR and Kingdom Come games. Even Take-Two is hyped as many expected something on GTA 6 by now.

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I have seen this movie four times today

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:lol:

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I'm going tomorrow to see MK2 I haven't seen much talk about that either.

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MK2 was really fun

Jade looks like dogshit, but Sonya and Kitana are hot

Kano is still the best character

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I think it's worth seeing.

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I am definitely watching it, just will wait for D+

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He-Man got great reactions from early screenings. I’d say it’s my most anticipated movie of the summer.

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Still, we've seen that happen before

I am a huge He-Man dork.

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I’d say it’s my most anticipated movie of the summer.

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It was for me, up until 7 or 8 months ago.

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It wasn't bad but it felt like a season of the show.
It wasn't great but it didn't piss me off like the sequels. The music was weak. The visuals were good.
I liked Jabba's son as a character. I still don't understand ATAT walkers in a world were hovering is a thing. Was cool to see inside one though.

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Basically what I have heard

Seems like a season of the show. . .but unfortunately in the current state of the show.

Some fun parts, but does nothing to move anything forward, and completely forgettable

I was waiting on word of mouth (for both this and He-Man). . .

. . .both are looking like streaming titles for me, with reviews like this.

Like I said before, shame Favreau couldn't course correct into something resembling season 1. I was hopeful.

Still holding a glint of hope for the Starfighter film

My faith in the future of Star Wars has taken another hit, but not quite dead.

ETA: Let me ask you this: Now 3 reviewers have said something akin to the story feeling so unimportant that it felt like a side quest. And there were several side quests in order to accomplish that side quest. That sound fair?

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Think I'm gonna stick with my happy hockey gays instead.

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Would probably have less gay incest per minute

Cats are outing themselves in this thread

Not that there is anything wrong with that

Gays can have their shows, too

If that's true, I stand corrected.

Every picture I used was listed as Ms Jones.

And Kane got her act from watching Esther

That is Baby Esther Jones