Skip to Content

Ubisoft Entertainment UBI

Rating as of

Morningstar’s Analysis

Currency in EUR
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Ubisoft Posts Weak Start to Fiscal-Year 2022; F2P Pivot Continues to Shape Up

Neil Macker, CFA Senior Equity Analyst

Analyst Note

| Neil Macker, CFA |

Ubisoft reported a weak start to fiscal-year 2022 as first-quarter revenue declined 17% to EUR 353 million. While Ubisoft only reports revenue for its fiscal first- and third-quarter results, management reiterated its targets for fiscal 2021 despite pushing back the release dates for Rainbow Six Extraction and Riders Republic. The firm will still release multiple digital-only titles this fiscal year, including expansions for Assassin’s Creed Valhalla and Watch Dogs: Legion along with new seasons for Rainbow Six Siege and For Honor. We are maintaining our narrow moat and fair value estimate of EUR 81.

Read Full Analysis

Company Profile

Business Description

Founded in 1986 in France by five brothers of the Guillemot family, Ubisoft is the third-largest independent video game publisher. Ubisoft employs a deep pool of developers at studios across the globe. The firm owns a number of well-known franchises, including Assassin’s Creed, Far Cry, Tom Clancy’s Rainbow Six and Ghost Recon, Rayman, Trials, and Just Dance.

28, Rue Armand Carrel
Montreuil, 93108, France
T +33 148185000
Sector Communication Services
Industry Electronic Gaming & Multimedia
Most Recent Earnings
Fiscal Year End Mar 31, 2022
Stock Type
Employees 20,324