BUZZ-Analysts flag risks to Ubisoft earnings, debt after new games' sluggish performance
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Ubisoft shares have fallen for five consecutive days, reaching 10-year lows, due to disappointing performance of new games. Exane BNP Paribas downgraded Ubisoft from "outperform" to "neutral" and reduced sales estimates, citing concerns over finances and a significant debt of EUR 1.3 billion due by 2027. The broker predicts positive free cash flow only by FY27. Morgan Stanley also questions Ubisoft's ability to grow earnings without new major IP or improved free-to-play success.
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