Star Wars Outlaws Sales Slump: Ubisoft Shares Hit Near 10-Year Low
Portfolio Pulse from Franca Quarneti
Ubisoft's recent release, Star Wars Outlaws, has underperformed in sales, leading to a significant drop in the company's share price. Analyst Daniel Kerven has lowered sales forecasts, and the game's development costs were notably high. Ubisoft's financial health now hinges on the success of its upcoming release, Assassin's Creed Shadows.
September 04, 2024 | 7:51 pm
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Ubisoft's Star Wars Outlaws has not met sales expectations, leading to a 12.6% drop in share price. Analyst Daniel Kerven has reduced sales forecasts, and the game's high development costs add pressure. The company's financial outlook now depends on the success of Assassin's Creed Shadows.
The poor sales performance of Star Wars Outlaws directly impacted Ubisoft's share price, causing a significant drop. The lowered sales forecast by a J.P. Morgan analyst further indicates potential financial struggles. The high development costs of the game add to the pressure on Ubisoft's financials. The upcoming release of Assassin's Creed Shadows is critical for stabilizing the company's share price and restoring investor confidence.
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