The attainable causes behind Ubisoft the earnings report it was anticipated to launch final week had been the topic of a lot dialogue, particularly given the corporate’s well-documented in latest instances. However we now know that the delay was compelled by an accounting concern referring to its soon-to-be finalized transaction with Tencent.

As detailed in Ubisoft’s first-half 2025-26 earnings figures, the corporate was required to restate its FY2024-25 accounts, regarding income for this era attributed to gross sales from a partnership. “This place now utilized by the Group going ahead has additionally resulted in a partnership signed in Q2 FY2025-26 not being acknowledged in IFRS15 revenues,” the corporate mentioned. “The above ends in the Firm not complying with its leverage covenant ratio beneath sure present financing agreements at September 30, 2025. Nonetheless, that is being addressed by the aforementioned actions referring to the involved debt devices.”

With the report now revealed, Ubisoft has requested Euronext to renew buying and selling its shares. And whereas the accounting snag led to the week-long delay, the French firm mentioned that its take care of Tencent is ready to shut in “the approaching days,” with the upcoming €1.16 billion ($1.36 billion) funding anticipated to assist the corporate repay excellent debt. As soon as finalized, the partnership may even “allow the acceleration” of Vantage Studios, the brand new through which Tencent will personal a 25 p.c stake. The brand new studio might be accountable for Ubisoft’s three greatest IPs: Murderer’s Creed, Far Cry and Rainbow Six.

Ubisoft reported internet bookings of €491 million ($564 million) this quarter, which it mentioned was a 39 p.c year-on-year enhance. The corporate mentioned that Murderer’s Creed Shadows, which is getting a Switch 2 port subsequent month, had overperformed this quarter, probably helped by arrival of its New Recreation+ mode in the summertime.