Overview
- Tencent now holds a 26.32% economic interest in Vantage Studios at a €3.8 billion pre-money valuation, while Ubisoft retains control and consolidation with customary minority protections and a lock-up.
- Ubisoft said proceeds will be used to deleverage the group and address financing covenant issues that arose after a revenue restatement tied to new auditors and partnership accounting.
- Vantage Studios, operational since October 1 under co-CEOs Charlie Guillemot and Christophe Derennes, will steward Assassin's Creed, Far Cry, and Rainbow Six within Ubisoft’s forthcoming Creative Houses structure set to be detailed in January 2026.
- First-half results showed stronger-than-expected net bookings—€491 million in Q2 (+39% year over year) and €772 million for H1 (+20%)—with Assassin's Creed over-performing and Rainbow Six Siege temporarily hit by cheating that Ubisoft says it is remediating.
- Ubisoft reported about 1,500 employee exits over the past year and is targeting at least €100 million in additional fixed-cost savings by FY2026–27 to support a return to sustainable cash generation.