Ubisoft shares are declining for the second consecutive day. The reason is the lukewarm reception of Star Wars Outlaws
On August 30, the full release of Star Wars Outlaws took place. The new Ubisoft game received rather low scores from the press and users, which negatively impacted the French company's stock prices.
Star Wars Outlaws
As of today, critics on Metacritic rated Star Wars Outlaws between 75-77 out of 100, depending on the game version. The user rating for the title ranges from 4 to 4.9 out of 10.
As noted by Reuters, after the market opened on Monday, Ubisoft's shares dropped by 5.2%. The decline continued on Tuesday. As of the morning when the news was written, the stock price had fallen another 3.52% to 15.74 euros per share, marking the lowest price since 2015.
JPMorgan analyst Daniel Kerven stated that initial sales of Star Wars Outlaws are struggling to meet the forecasts. Kerven lowered his expectations regarding the game and now predicts that by March 2025, Star Wars Outlaws will sell 5.5 million copies instead of the previously forecasted 7.5 million copies.
It is also noted that Ubisoft's stock could have been affected by the shrinking audience of the free-to-play shooter XDefiant. According to insider Tom Henderson, the project currently has an online player base barely reaching 20,000 people.
Overall, Ubisoft's shares have fallen by 33% since the start of the year.
