Tencent’s $1.16B investment in Ubisoft subsidiary Vantage Studios remains on track

Ubisoft finally published its earnings report for the first half of fiscal year 2025-26 on Nov. 21, 2026, and revealed that its net bookings exceeded expectations with +20% year-over-year growth and that Tencent’s investment in its newly established subsidiary is on track.

As Ubisoft continues its reorganization into so-called “creative houses,” Ubisoft’s Tencent-backed subsidiary, which holds the rights to major franchises such as Assassin’s Creed, Far Cry and Rainbow Six, will become the first of the new creative houses. The final stages of the restructuring and the public reveal of the details are set for January 2026, as the company’s H1 FY26 earnings report revealed.

It is worth noting that as a result of Ubisoft’s reorganization into so-called “creative houses,” the company’s headcount stood at 17,097 at the end of September 2025, representing a decrease of around 1,500 employees over the past 12 months and about 700 since the end of March 2025.

“Tencent’s €1.16Bn investment in Vantage Studios [is] on track to close in the coming days; all conditions precedent have been satisfied,” said Ubisoft’s report.

Ubisoft also outlined that the investment will be used in three ways: to boost Vantage Studios’ IP growth, to support selected (not yet revealed) investment opportunities across the rest of the company and to facilitate ongoing reorganization efforts into creative houses.

The news comes on the heels of Marc-Alexis Côté’s departure, who led Ubisoft’s global teams on the Assassin’s Creed franchise and had worked at the company for about 20 years before leaving to pursue a new path outside Ubisoft.