CD Projekt RED shares have lost 75% of their value since the release of Cyberpunk 2077.

The problems caused by the game brought the studio back to the same market value as in 2017.

Although Cyberpunk 2077 has sold a large number of copies since its release, the initial state of the game CD Projekt RED’s market value was greatly affected. According to Business Insider Poland, shares of the studio are collected by A 75% devaluation since the title hit storesA long process of updates and patches begins.

Before launch, the developer was evaluated 40 billion Polish zlotyswhich is now the value 10 billion. The first significant devaluation of the company’s shares took place in the first months of 2021 and Another 50% drop has been recorded since March of this year – and both can easily be related to RPG performance and reception.

As the PC Gamer website explains, The disastrous launch ended CD Projekt RED’s 5-year run of constant gratitudethe release of which Cyberpunk 2077 It was highly anticipated given the success The Witcher 3: Wild Hunt. Although the title sold more than 14 million copies, it took a year to fix it and decided to make its multiplayer component a separate title. contributed to the devaluation of the company.

CD Projekt RED has completed several projects

According to current estimates, The Polish developer returned to the cost of capitalization, which was recorded in 2017. As a way to restore the confidence of investors and the public, the company decided to Change your workflows And several projects are currently under development.

Among them is Cyberpunk 2077’s first major expansion, which promises to take players into and around the still-unexplored parts of the Night City. The company also released Gwent: Rogue Mage last weekA new single-player expansion for its virtual card game and a new chapter in The Witcher series developed by: Unreal engine 5.

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Despite its decline in value, The company maintains its position as one of the largest companies on the Warsaw Stock Exchange And it doesn’t seem to be in danger of being shut down. However, the situation shows that he needs to be more careful in the future because The failure of one project can be an even more severe blow in their future prospects.

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Via: PC Gamer Source: Business Insider Poland

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