Ubisoft Entertainment SA (UBSFY) Discusses Major Organizational and Portfolio Reset to Reclaim Creative Leadership and Drive Growth January 21, 2026 12:15 PM EST

Company Participants

Yves Guillemot - Co-Founder, Chairman, CEO, President & Chief Creative Officer Frédérick Duguet - Chief Finance Officer

Conference Call Participants

Aleksander Peterc - Bernstein Institutional Services LLC, Research Division Benjamin Shelley - UBS Investment Bank, Research Division Douglas Creutz - TD Cowen, Research Division

Presentation

Operator

Good day, and thank you for standing by. Welcome to the Ubisoft Strategic Update Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Yves Guillemot, Ubisoft Co-Founder and Chief Executive Officer. Please go ahead.

Yves Guillemot Co-Founder, Chairman, CEO, President & Chief Creative Officer

Good evening, everyone, and thank you for joining us on such short notice. Today, we are announcing a major organizational, operational and portfolio reset. The fundamental change designed to reclaim our creative leadership, regain agility and restore the conditions for a return to sustainable growth and robust cash generation.

This reset is built around three core pillars: first, a new operating model centered around five specialized creative houses; second, a refocused portfolio with a meaningfully revised three-year road map; and third, an acceleration of our cost reduction initiatives to rightsize the organization and improve structural efficiency.

Let me start with the context. The industry has become persistently selective, especially on the AAA side. And the shooter landscape is increasingly competitive with rising development costs and greater challenges in creating new brands. Nevertheless, when successful, exceptional AAA content has more financial potential than ever.

While the progress on our production processes translated into improved level of quality across our releases in 2025, today’s environment requires that we step change how we are