Ubisoft delays earnings report after accounting snag tied to Tencent deal
Ubisoft delays earnings report after accounting snag tied to Tencent transaction Ubisoft postponed its expected earnings release after discovering an accounting issue related to revenue recognition from a partnership tied to its soon‑to‑be‑finalized deal with Tencent. The company has now published its first‑half 2025‑26 results and disclosed a restatement of FY2024‑25 accounts. The restatement affected revenue reported under IFRS15 and meant a partnership signed in Q2 FY2025‑26 was not recognized in revenues. That adjustment pushed Ubisoft out of compliance with a leverage covenant under certain financing agreements as of September 30, 2025. Ubisoft says it is addressing the financing ramifications via actions on the affected debt instruments. Key points Tencent investment: An imminent €1.16 billion (≈$1.36 billion) investment from Tencent is expected to close "in the coming days" and should…
