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For Honor: Ubisoft Launches Unleashed Season with Dead by Daylight Collaboration

The French publisher is rolling out the second season of the 10th year of its game For Honor, featuring a new look inspired by a collaboration with Dead by Daylight and a limited-time thematic event.


For Honor: Ubisoft Launches Unleashed Season with Dead by Daylight Collaboration

New Oni Appearance and Thematic Contents

Unleashed, the second season of the 10th year of For Honor, goes live this Wednesday. The season introduces a new heroic appearance for the Sohei, titled 'The Oni's Wrath,' inspired by the Oni character from the game Dead by Daylight. This skin is accompanied by a dedicated weapon and two marketed bundles: 'The Oni's Hunt Bundle' containing the skin, a 'Bloodcurdling Scream' emote, 'The Oni's Craving' execution, and a 'Blood Aura Mood FX' ambient effect; and 'The Oni's Hunt Deluxe Bundle,' which additionally offers access to the Sohei hero along with all the previous contents. A one-week free trial of the Sohei hero will be available at the launch of the skin.

Dead by Daylight Event and Limited Game Modes

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A collaborative event titled 'Survivors of the Fog' will run from June 11 to July 2. This event will feature a 4v4 PvP mode similar to Dominion, where two teams compete to control generator zones. The mode includes the appearance of the Trapper, a deadly fighter who can be killed to generate points. Reaching 1,000 points will allow a team to neutralize the opposing team. An event leaderboard will be available for players.

Progression Passes and Access to Other Heroes

The season introduces a Battle Pass and a separate Legacy Pass, each offering unlockable rewards. The Battle Pass includes effects, ornaments, combat outfits, emotes, and executions, as well as a weapon for each hero. The Legacy Pass offers effects, battle outfits, an ornament, a signature, and an execution, complemented by a weapon for each hero available in Y6S2 and a new weapon for heroes released since. Three free trial periods for additional heroes are scheduled: Nuxia on July 2, Valkyrie on July 9, and Kensei on July 16, each doubling the experience gained and including unique executions.



Sector Médias / publicité / divertissement · Jeux vidéo · Loisirs / sport · Divertissement / contenus Divertissement électronique


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Context

Period
  • Period: 1T2026/2027
Key reported figures
  • Revenue: 268.2M€
Guidance from the release
  • « Nous avons enregistré au premier trimestre un net bookings légèrement supérieur à notre objectif. »
  • Le chiffre d'affaires IFRS 15 du premier trimestre 2026-27 recule de 13,7 % à 268,2 M€ et le net bookings de 9,2 % à 255,8 M€, légèrement au-dessus de l'objectif d'environ 250,0 M€, la baisse reflétant une base de comparaison élevée liée à Assassin's Creed Shadows. Le net bookings back-catalogue s'établit à 221,0 M€ (-15,1 %) et le net bookings digital à 206,2 M€ (-17,6 %), tandis que le PRI est quasi stable à 151,3 M€. Invincible: Guarding the Globe signe un trimestre record. Le début du T2 est marqué par le lancement réussi d'Assassin's Creed Black Flag Resynced (3,5 millions d'exemplaires en sell-in, note de 84). La transformation se poursuit avec la fermeture de studios et la nomination de Christoph Hartmann à la tête de la Creative House 2.
Risks mentioned
  • Net bookings attendu en baisse d'un pourcentage à un chiffre élevé sur l'exercice 2026-27
  • Marge opérationnelle non-IFRS attendue négative sur l'exercice 2026-27
  • Consommation de free cash-flow pouvant atteindre 500 M€ sur l'exercice
  • Échéances de dette à refinancer : revue en cours des options de financement
Opportunities identified
  • Assassin's Creed Black Flag Resynced dépasse les attentes annuelles en 14 jours (3,5 M d'unités)
  • Sortie de Rayman Legends Retold le 1er octobre 2026 et de Just Dance Decades of Hits le 13 octobre
  • Performance record d'Invincible: Guarding the Globe sur le segment Mobile
  • Pipeline de contenus nettement plus solide en 2027-28 et 2028-29 (Assassin's Creed, Far Cry, Ghost Recon)
  • Retour attendu à un EBIT non-IFRS positif et à une génération de free cash-flow dès 2027-28

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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