According to a report on Reuters, Ubisoft has seen its share price fall to its lowest since 2015 following the release of Star Wars Outlaws, which has failed to set tills alight following its late August release on PS5, PC, and Xbox Series X/S.
The publisher’s share price hit €15.20 earlier today, which is the lowest in the past year and almost hitting the lowest it has been in nearly ten years. Back in December 2014, the share price for Ubisoft fell to €15 before it began to climb, reaching its highest at €102.95 in July 2018.
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Charles-Louis Plande, an analyst with Micap Partners, said the drop in share price can be attributed to the sharp decline of XDefiant among players as well as poor sales of Star Wars Outlaws.
Meanwhile, JP Morgan analyst Daniel Kerven added: “Star Wars Outlaws has struggled to meet our sales expectations despite positive critical reviews.”
Star Wars Outlaws was released on August 30 and according to GI.biz’s Christopher Dring, sold 55% fewer copies at launch than the last major entry in the franchise, Star Wars Jedi Survivor. PSU was actually quite impressed with the game despite its overall lukewarm reception, and you can read our full verdict here.
[Source – Reuters]