Ubisoft drops to 3-month lows after game delay, outlook cut
10/01/2025 08:42
** Shares in Ubisoft UBIP.PA tumble as much as 10.8% to their lowest since
early October after the video game maker postponed "Assassin's Creed Shadows"
premiere again and cut its Q3 and FY net bookings outlook
** Morningstar analysts note the second debut delay points to "larger
fundamental issues" at the firm, as it adjusts its "uncertainty rating" for
Ubisoft to "very high"
** J.P.Morgan cuts its estimates for "Assassin's Creed Shadows" unit sales
to 200 mln euros from 350 mln euros in Q4, trimming its PT on the stock by 9% to
10 euros
** The firm said also it had appointed advisors to "review and pursue
various transformational... options", a move that TD Cowen analysts view with
skepticism
** "... would-be buyers have had plenty of chances to speak up over the last
few years," the analysts said in a note, adding that interested parties may wait
for matters at the company to worsen further
** At 0839 GMT the stock was down 7.3%, at the bottom of France's SBF120
.SBF120 index
(Reporting by Mateusz Rabiega)
((Mateusz.rabiega@thomsonreuters.com;))