The release of Cyberpunk 2077 represents a major financial challenge for CD Projekt. If the title is on track to reimburse its development costs, the studio’s action on the Warsaw Stock Exchange is more worrying. It has indeed lost nearly $ 2 billion in market capitalization since Thursday, December 10.
The stock market is volatile and anything can go very quickly. CD Projekt is learning this the hard way, as the studio has seen its stock plummet on the Warsaw Stock Exchange since Cyberpunk 2077 released on December 10. According to reports, the company has thus lost more than two billion dollars in market capitalization. CD Projekt share is 270 zlotys as of this writing, when it was over 400 last Wednesday.
The stock market is capricious and the action is rising slowly on Monday morning, but still remains far from its level before the game’s release. Investors are indeed scalded by its premature exit, this one being singled out for its bugs and its problems on the PS4 and Xbox One versions. Still, the title is a success, surpassing 90 on Metacritic and already registering 8 million players. It could thus very quickly reimburse its development cost, estimated at more than 270 million euros.
CD Projekt promises to correct the situation
Here, it’s the bad buzz that plunges CD Projekt. The players reproach indeed a game not finished on consoles, bordering on the unplayable. The Polish studio was even forced to react, apologizing publicly for this release and promising big corrective patches from the start of 2021. In addition, players wishing to be reimbursed will be able to do so unconditionally if they do not want to wait.
Either way, CD Projekt is running smoothly at the moment. Even if the action goes up slightly, the tumble is a blow to the Polish studio which was until then a safe bet. A situation which is all the more damaging given that the technical concerns put aside, Cyberpunk 2077 is an excellent title. If it had been completed, would undoubtedly have boosted the stock market share of its designer. *
Source: Les Echos