Ubisoft delays earnings report after audit flags revenue errors

Ubisoft announced a delay in the release of its earnings report due to some mistakes found during an audit. A mistake in Ubisoft’s records discovered during an audit has led to the company breaking certain loan agreements. The company also has to make a restatement of its earnings. Red flags found during audit of Ubisoft Entertainment SA The French video-game publisher known for Assassin’s Creed, has delayed its earnings report for the first half of 2025-26 after an auditor’s review showed that the company had serious issues in its financial reporting. Auditors discovered that Ubisoft wrongly counted some partnership sales as revenue under IFRS 15. Due to this, the company had to redo its financial results. The auditors also said that some of the revenue from a deal signed in the second quarter of the 2026 fiscal year cannot be counted because it no longer meets the required accounting standards....

https://www.cryptopolitan.com/ubisoft-pushes-earnings-report-after-audit/