---
title: "BUZZ-Analysts flag risks to Ubisoft earnings, debt after new games' sluggish performance"
description: "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 redu"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/214058171.md"
published_at: "2024-09-11T10:35:18.000Z"
---

# BUZZ-Analysts flag risks to Ubisoft earnings, debt after new games' sluggish performance

> 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.

Ubisoft (UBIP.PA) shares fall for the fifth consecutive day as the weaker-than-expected performance of its latest games raise concerns over its finances

Shares in Ubisoft, trading at 10-year lows, fall about 3% on Wednesday

After a year with an “outperform” rating, Exane BNP Paribas cuts Ubisoft to “neutral” citing the much weaker-than-expected performances of the new AAA and free-to-play initiatives and reduced unit sales estimates

Ubisoft has lost around a fourth of its value since the release of the Star Wars Outlaws title on Aug. 30, which initially received generally negative reviews from users

Exane says 2025 looks increasingly competitive as several high-profile games, including Take-Two Interactive’s (TTWO.O) GTA VI, are set for release

The broker expects the French game developer’s FCF to turn positive only in FY27, instead of FY25

It also flags EUR 1.3 bln ($1.4 bln) of debt to pay by 2027, which Ubisoft will have to refinance at possibly elevated costs given its operating momentum and high leverage Separately, Morgan Stanley raises questions on how Ubisoft can grow FY earnings at better quality without delivering on new large IP or better free-to-play traction

($1 = 0.9058 euros)

### Related Stocks

- [UBSFY.US - Ubisoft](https://longbridge.com/en/quote/UBSFY.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 育碧的戰略重置和運營進展因波動性而受到影響，持有評級是合理的 | 在最近的一份報告中，Bernstein 的 Aleksander Peterc 對育碧 (ADR) 維持了持有評級，目標價為 4.20 歐元。該評級反映了公司第三季度的穩健表現以及戰略重組，包括領導層變動和節省成本措施。儘管運營上有所進展， | [Link](https://longbridge.com/en/news/276081974.md) |
| 開普勒資本堅持對育碧娛樂（0NVL）的賣出評級 | Kepler Capital 分析師 Thomas Renaud 對育碧（UBISOFT Entertainment）維持了賣出評級，設定目標價為 9.00 歐元。該股收盤價為 9.51 歐元。Renaud 負責科技行業，平均回報率為 13 | [Link](https://longbridge.com/en/news/275980316.md) |
| Perdoceo Edu 宣佈派發每股 0.15 美元的股息 | Perdoceo 教育宣佈派發 $0.15 股息 | [Link](https://longbridge.com/en/news/276456310.md) |
| 育碧將在工作室重組期間，通過 “自願離職計劃” 裁減 200 名公司員工 | 育碧 (ADR) 計劃在其法國總部裁減 200 名員工，作為更廣泛重組的一部分。該公司旨在創建一個更精簡的組織，並已與員工代表就自願離職計劃展開磋商。這一舉措旨在提升靈活性，支持可持續的盈利增長 | [Link](https://longbridge.com/en/news/275788169.md) |
| 11:01 ET 新研究發現，智力和發育障礙的成年人面臨嚴重的心理健康護理缺口 | 一項來自特殊奧林匹克健康的新研究顯示，智力和發展障礙（IDD）成年人報告焦慮或抑鬱的可能性是沒有功能性限制者的九倍以上。研究強調了心理健康護理中的重大障礙，包括高藥物使用率，但由於費用原因，治療的可及性有限。研究結果突顯了該人羣心理健康護理 | [Link](https://longbridge.com/en/news/276462423.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.