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[yurinka]

Guess what, that Saudi 'insider' and the other ones were full of shit and had no idea what they were talking about.

They don't sell Ubisoft, AC or anything like that. And even less declared bankrupcy or similar as some haters wished: they instead posted good numbers , just with a few days of delay. They also completed the transaction of the planned minority stake of their new subsidiary to Tencent (the money paid by Tencent in this transaction is basically the amount of the Ubisoft debt, so basically will use that money to get rid of the debt), and hinted that they'll open more Creative Houses subsidiaries like this one.

https://www.ubisoft.com/en-us/company/about-us/investors

TLDR: Things went better than planned, Ubisoft is healing from their debt and a handful less important financial issues they had. It's completing the new 'creative house' subsidiary and will open other similar ones, pretty likely announcing new ones in January, when they'll announce their new structure based on 'creative houses'.

Each 'Creative Houses' will be more independent, will have their own creative vision, roadmap, IP leadership, etc.

 

[Mister Wolf]

Hopefully the stock bounces back. Im down 50% on my investment.

 

[Cakeboxer]

Better than expected.

 

[Elios83]

So they created useless drama by themselves
Being basically scared that simply announcing they needed a few extra days to count the beans would make their stock collapse and they needed to halt trading for this, says a lot about the internal atmosphere in the company.

 

[winjer]

"Negative free cache flow for 2026"

 

[yurinka]

So they created useless drama by themselves

Nah, just needed a few days due to some paperwork due to having new auditors and having some accounting/reporting financials stuff I don't understand. I assume caused due to the change to get the new subsidiary and get Tencent money for it.

The haters and fake 'insiders' made out the drama, not them.

 

[pudel]

 

[Loomy]

 

[Kurotri]

Did the Arab guy ever claim to be an insider? He made a random tweet and even complained about people taking it and making up some story about it.

 

[Gonzito]

Insiders can lick my hairy ass

 

[notseqi]

Insider? I hardly even know her!

 

[Walliwallipaloo]

Guess what, that Saudi 'insider' and the other ones were full of shit and had no idea what they were talking about.

They don't sell Ubisoft, AC or anything like that. And even less declared bankrupcy or similar as some haters wished: they instead posted good numbers , just with a few days of delay. They also completed the transaction of the planned minority stake of their new subsidiary to Tencent (the money paid by Tencent in this transaction is basically the amount of the Ubisoft debt, so basically will use that money to get rid of the debt), and hinted that they'll open more Creative Houses subsidiaries like this one.

https://www.ubisoft.com/en-us/company/about-us/investors

TLDR: Things went better than planned, Ubisoft is healing from their debt and a handful less important financial issues they had. It's completing the new 'creative house' subsidiary and will open other similar ones, pretty likely announcing new ones in January, when they'll announce their new structure based on 'creative houses'.

Each 'Creative Houses' will be more independent, will have their own creative vision, roadmap, IP leadership, etc.

 

[Elios83]

Nah, just needed a few days due to some paperwork due to having new auditors and having some accounting/reporting financials stuff I don't understand. I assume caused due to the change to get the new subsidiary and get Tencent money for it.

The haters and fake 'insiders' made out the drama, not them.

No you don't halt your trading for something like this which is something you do for major events.
You just announce you need some extra days and stop.
It's clear that internally they're really nervous.

 

[Critical Hit]

Each 'Creative Houses' will be more independent, will have their own creative vision, roadmap, IP leadership, etc.

Sounds great. Expedition33 and Dispatch by ex-ubi devs are awesome. Let's see how it all turns out in reality.

 

[Critical Hit]

t's clear that internally they're really nervous.

Bloomberg summary on the report's delay:

Ubisoft Entertainment SA, the video-game publisher behind Assassin's Creed, said an auditor's review forced it to restate its 2025 fiscal year accounts and to not recognize revenue from a partnership signed in its most recent quarter, putting it in violation of the terms of a loan agreement.

 

[ShaiKhulud1989]

My conspiracy take, they've planned to close the Vantage deal and announce Tencent takeover but whings went south at the last moment.

Plus 2026 outlook is not great.

 

[AndrewRyan]

C-suite to the rescue!

 

[Sophist]

they instead posted good numbers

i may be wrong but they reported a net loss of €30.4 Millions meanwhile it was a loss of €22.9 Millions last year, no?

 

[Shubh_C63]

Happy to read Division 2 numbers going up. The game has been better than it was at launch now.

 

[tanners]

Well...

 

[DenchDeckard]

Leakers need to be banned I think. Banned from the world. I dont mean murdered lol

 

[SomeNorseGuy]

 

[chromatic9]

Let's see if they can turn it around. I don't have much confidence in them doing so though, they have a lot of ip but how good is a lot of it really that can get a good return that requires expensive input.

 

[Loomy]

Leakers need to be banned I think. Banned from the world. I dont mean murdered lol

No one thought you did until you mentioned it lmao

 

[Skifi28]

Leakers need to be banned I think. Banned from the world. I dont mean murdered lol

This is rather worrying as the only person thinking of murder was you.

 

[mdkirby]

They also released an expansion for their recent actually good assassins creed, and made it free…and it's rated well.

Trying to build back some good will I guess.

 

[Tiago Rodrigues]

Everyone making fun of the latest Assassin's Creed are nowhere to be seen with the stupid jokes huh...

 

[Cyberpunkd]

So they created useless drama by themselves
Being basically scared that simply announcing they needed a few extra days to count the beans would make their stock collapse and they needed to halt trading for this, says a lot about the internal atmosphere in the company.

This. I mean, numbers are good yet you halt trading? Something doesn't add up. Finance was snorting too much coke to finish counting on time lol

 

[Cyberpunkd]

They also released an expansion for their recent actually good assassins creed, and made it free…and it's rated well.

That's because Saudi Arabia paid in full for the development.

 

[STARSBarry]

https://www.bloomberg.com/news/articles/2025-11-21/ubisoft-results-delay-came-after-sales-restatement-loan-breach

They where caught cooking the books requiring auditors to move in.

 

[calico]

"In the year to date, Assassin's Creed has generated 211 million session days, ~35% higher than the last two years' average."

Ubisoft Remontada era has arrived

 

[Z O N E]

https://www.bloomberg.com/news/articles/2025-11-21/ubisoft-results-delay-came-after-sales-restatement-loan-breach

They where caught cooking the books requiring auditors to move in.

So this whole thing was because they tried to make their numbers look better and they got caught, so they had to go back and announce the REAL numbers?

Well I'll be damned. What happened to the auedience that would support them?

"In the year to date, Assassin's Creed has generated 211 million session days, ~35% higher than the last two years' average."

Ubisoft Remontada era has arrived

Next year they'll announce how many times someone has seen their game in the store.

"During the past year, 100 people stopped on our game and read the description, this is ~20% higher than previous years"

 

[The Cockatrice]

Good news for Splinter Cell then

 

[Bernkastel]

Shame. I was looking for someone to shut down Ubisoft.

 

[Hudo]

Good news for the Rayman game.

 

[Humdinger]

Hm. Well that was weird.

Ok then. Carry on.

 

[R3TRO]

Not what I was expecting but good to see.

 

[Kacho]

I'm actually relieved it's nothing crazy. Time for a comeback, Ubi.

 

[PeteBull]

I'm actually relieved it's nothing crazy. Time for a comeback, Ubi.

Just wait for their next mainline AC entry, this time in ancient china, "historically accurate" protag gonna be diseabled lesbian french canadian who happen to be there durning her time travel adventure =D

That will for sure stick it to the chuds and win their feminist culture wall, on top of making their stock price 3cents ( Rip Mister Wolf retirement money )

 

[Mister Wolf]

Just wait for their next mainline AC entry, this time in ancient china, "historically accurate" protag gonna be diseabled lesbian french canadian who happen to be there durning her time travel adventure =D

That will for sure stick it to the chuds and win their feminist culture wall, on top of making their stock price 3cents ( Rip Mister Wolf retirement money )

Naw, its just a couple grand. I ain't jumping off a building, like its the Great Depression.

 

[Reizo Ryuu]

Something something incoming bankruptcy
Something something takeover
Something something yasuke best assassin

 

[balls of snow]

If they nail the Black Flag remake next year. Ubisoft are in the we are so back territory.

 

[ReBurn]

Leakers need to be banned I think. Banned from the world. I dont mean murdered lol

Like shot into space on a rocket?

 

[STARSBarry]

So this whole thing was because they tried to make their numbers look better and they got caught, so they had to go back and announce the REAL numbers?

Well I'll be damned. What happened to the auedience that would support them?

Its more to do with the fact they used those inflated numbers internally to help push through a sale at a higher price for a portion of their company at a higher value than it would get with the real numbers, in the hope that this would not be picked up on until after the sale went through.

They succeeded.

 

[Rocinante618]

Great news, happy for Ubisoft. While they make similar games, I enjoy the fuck out of those. Gameplay is smooth and tight, world is beautiful and the whole package is optimized and has a bunch of industry leading accessibility settings. Also insanely good deals quickly.

Love to see more of Ubisoft.

 

[yurinka]

i may be wrong but they reported a net loss of €30.4 Millions meanwhile it was a loss of €22.9 Millions last year, no?

They said that in a few days the Tencent investment will be completed, for exactly the amount of money of the Ubisoft debt (meaning, that money wasn't counted in the report for this quarter/half a year).

Also posted to have a 20% up YoY in their $772M net bookings of this half a year, 30% up in digital revenue, 52% up in DLC & IAPs, 50% up in back catalog plus also an important increase in their tv shows and animations revenue. This half a year also reduced their headcount in 700 people to reduce costs. They also spent 263.8M (more than twice than last year) on paying their debt.

Considering all this context, a net income -$30.4M is nothing.

This. I mean, numbers are good yet you halt trading? Something doesn't add up. Finance was snorting too much coke to finish counting on time lol

They halted trading not because of their numbers, but because needed a few extra days to share the numbers because the new auditors that Ubi announced back in July detected a mistake in how a partership was accounted last fiscal year, that required a few extra days to solve it.

So to avoid unwanted extra trolling and speculation with the stocks during the process they temporally halted the trading during these few days.

Its more to do with the fact they used those inflated numbers internally to help push through a sale at a higher price for a portion of their company at a higher value than it would get with the real numbers, in the hope that this would not be picked up on until after the sale went through.

They where caught cooking the books requiring auditors to move in.

The opposite, the stock value of Ubisoft was too undervalued vs their real value, to the point they had to create a private subsidiary and move there some assets to properly valuate them with their real value before getting more investment. Something normal and totally legal.

Auditors didn't need to move in, public companies like this one always have auditors double checking their finances and quarterly reports making sure there isn't any mistake in the reports and fix it before reported. It's their job.

 

[Zacfoldor]

Leakers need to be banned I think. Banned from the world. I dont mean murdered lol

 

[CrimsonTide]

So this whole thing was because they tried to make their numbers look better and they got caught, so they had to go back and announce the REAL numbers?

Well I'll be damned. What happened to the auedience that would support them?



Next year they'll announce how many times someone has seen their game in the store.

"During the past year, 100 people stopped on our game and read the description, this is ~20% higher than previous years"

Reminds me of how Apple markets their products

"this year's iPhone is the biggest leap since the original, it's made out of a poly carbon aluminum alloy, which is 40% denser than steel and 87% lighter than mercury making for 210% higher efficiency condensers" or whatever word salad

 

[yurinka]

Sounds great. Expedition33 and Dispatch by ex-ubi devs are awesome. Let's see how it all turns out in reality.

Stray (that 'indie' game about a cat in a cyberpunk world) was also from ex-Ubi devs and very good too.

Regarding Ubisoft's "Creative Houses", I assume it's going to be like Vantage or Ubisoft Mobile: they group some development and support studios who normally work together and IPs they work with under a subsidiary that will have a bit more autonomy but essentially will continue doing the same and working in the same way.

The main difference is that having these assets under a private company they can assign it their real value instead of the undervalued value that the public stock market gave Ubisoft. Something that allows them to get bigger external investments without having to sell the company or their IPs and studios.

It also helps potential investors (only the ones greenlighted by Ubisoft/the Guillemots and not any hostile takeover) as could be Tencent, Sony, Nintendo, the Saudis, etc. (MS can't because of the ABK cloud gaming rights now being handled by Ubisoft deal to approve the ABK acquisition) to invest only in some specific area/subsidiary of Ubisoft at a price negotiated between Ubisoft and the investor.

Just wait for their next mainline AC entry, this time in ancient china, "historically accurate"

Already done with AC Chronicles China and AC Jade. Regarding wokism, Chinese are too old for that shit and don't accept it.

 

[rm082e]

Then I continue to hold out hope for FarCry 7 being good (probably not great).