Execution RiskThere’s no defined leadership team for the new subsidiary, adding execution risk, and it's unclear whether the entity will control its own development capital or rely on Ubisoft corporate.
Product PerformanceThe underperformance of Star Wars Outlaws will not improve in the final quarter, impacting net bookings.
Transparency IssuesWithout segment-level financial disclosure, there is limited visibility into how this structure will affect margins or capital allocation.