Ubisoft Entertainment S.A.

UBSFY

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

3/31/2025

Revenue

2,070

Cost of Revenue

221

Gross Profit

1,849

Gross Margin

89.3%

Operating Income

-90

Operating Margin

-4.3%

Net Income

-173

Net Margin

-8.4%

EPS (Basic)

$-0.25

EPS (Diluted)

$-0.25

EBITDA

731

EBITDA Margin

35.3%

2024

3/31/2024

Revenue

2,508

Cost of Revenue

223

Gross Profit

2,285

Gross Margin

91.1%

Operating Income

342

Operating Margin

13.6%

Net Income

172

Net Margin

6.9%

EPS (Basic)

$0.25

EPS (Diluted)

$0.21

EBITDA

1,205

EBITDA Margin

48.0%

2023

3/31/2023

Revenue

1,978

Cost of Revenue

236

Gross Profit

1,741

Gross Margin

88.1%

Operating Income

-639

Operating Margin

-32.3%

Net Income

-539

Net Margin

-27.2%

EPS (Basic)

$-0.82

EPS (Diluted)

$-0.82

EBITDA

784

EBITDA Margin

39.6%

2022

3/31/2022

Revenue

2,317

Cost of Revenue

294

Gross Profit

2,023

Gross Margin

87.3%

Operating Income

263

Operating Margin

11.4%

Net Income

Net Margin

3.7%

EPS (Basic)

$0.13

EPS (Diluted)

$0.12

EBITDA

872

EBITDA Margin

37.6%

2021

3/31/2021

Revenue

2,424

Cost of Revenue

355

Gross Profit

2,069

Gross Margin

85.4%

Operating Income

315

Operating Margin

13.0%

Net Income

112

Net Margin

4.6%

EPS (Basic)

$0.17

EPS (Diluted)

$0.16

EBITDA

877

EBITDA Margin

36.2%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	2,070	2,508	1,978	2,317	2,424
Cost of Revenue	221	223	236	294	355
Gross Profit	1,849	2,285	1,741	2,023	2,069
Gross Margin	89.3%	91.1%	88.1%	87.3%	85.4%
Operating Income	-90	342	-639	263	315
Operating Margin	-4.3%	13.6%	-32.3%	11.4%	13.0%
Net Income	-173	172	-539	86	112
Net Margin	-8.4%	6.9%	-27.2%	3.7%	4.6%
EPS (Basic)	$-0.25	$0.25	$-0.82	$0.13	$0.17
EPS (Diluted)	$-0.25	$0.21	$-0.82	$0.12	$0.16
EBITDA	731	1,205	784	872	877
EBITDA Margin	35.3%	48.0%	39.6%	37.6%	36.2%