UBISoft Entertainment (0NVL.LSE) Q2 2026 Earnings

Road to $0

why?

I'm exaggerating, and it's true that the valuation is underestimated, but we have cancellations of releases, studio closures (probably already priced in), and bond maturities in 2027 in a context where the company has been struggling for 8 years and the sector isn't structurally declining. Indies continue to make headway with excellent quality titles produced much cheaper. The ongoing restructuring could reverse the trend, but management hasn't proven its ability to act for a long time. Best of luck, though we dream of seeing the Ubisoft of the 2000s return. Otherwise, we'll need to urgently learn Mandarin.