CD Projekt Red’s stock is down 29% in the run-up to Cyberpunk 2077

Cyberpunk 2077 CD developer Projekt Red suffered a sharp drop in the stock price, despite the release of the highly anticipated sci-fi RPG.

The stock is down 29% from PLN 443 per share on December 4 to PLN 313.9 at the time of writing.

The decrease can be partly attributed to complaints about bugs and glitches, which have proliferated across social media.

The stock price also appears to have fallen since the reviews came out, indicating that expectations for this game were very high given that The first wave of ratings gave Cyberpunk a score of 91 in Metacritic.

Even the launch itself failed to boost the company’s stock, as the share price fell 7.3% over the course of December 10 from 390.6 PLN to 362 PLN. At one point, it decreased by 7.8% to 360 PLN.

This is despite CD Projekt’s investor relations, and Twitter revealed that the game was so Pre-ordered Eight Million times. In comparison, The Witcher 3 made only 1.5 million before launch.

More than half of these pre-orders are for computers, making it the largest launch of the platform ever. Cyberpunk also attracted 1 million concurrent users on Steam, breaking the single-player games record.

Looking back, the CD Projekt Red suffered a 31% drop in its price The peak ever is in AugustWhen its market value was 42.5 billion PLN and its share price was 460.8 PLN. This came after the announcement of a Pokémon Go-style AR mobile game based on The Witcher.

At the time, this CD Projekt Red was well ahead of Ubisoft Our analysis discovered how dependent the Polish developer was on Cyberpunk 2077.

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The company Already suffered a 25% drop In the two months following that peak, partly due to Crisis reports are mandatory And the Yet another delay Into the game, which prompted Cyberpunk to return to its final release date of December 10.

With the game also available on old and new consoles, as well as streaming services like Stadia, Bloomberg The game expects to match Red Dead Redemption 2’s sales of 17 million units in the first two weeks, a new record.

According to its analysis, Cyberpunk 2077 will likely become the tenth biggest selling game ever in the 29.7 million units project, replacing its predecessor The Witcher 3 at 28 million.

Sacha Woodward

"Wannabe writer. Lifelong problem solver. Gamer. Incurable web guru. Professional music lover."

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