Cyberpunk 2077 developer CD Projekt’s stock had now dropped by more than 75% after the game’s difficult launch.
As reported by Business Insider Poland, CD Projekt, which was valued at over 40 billion Polish zloty and Europe’s most valuable game company prior to the release of Cyberpunk 2077 in December 2020, is now worth less than 10 billion.
The company is now trading at a similar valuation to 2017 numbers, and CD Projekt is no longer the most valuable games company in Poland, surpassed by Techland, developers of the Dying Light franchise.
Cyberpunk 2077 – Next Generation Update Launch Trailer
Cyberpunk 2077 — Next-Gen Update Launch Trailer
It’s worth noting that Techland’s numbers aren’t public as they aren’t publicly traded like CD Projekt, but Puls Biznesu estimates it could be around 10. On the same subject : Compass Comes back to Earth.6 billion zlotys.
“With the repurchase of 15 million shares for an amount of PLN 900 million, one share will be valued at PLN 60. Based on the number of shares of the company at 175.94 million, the implied valuation of Techland is PLN 10.56 billion” , dear Puls Biznesu .
Cyberpunk 2077 was expected to be one of the most significant releases of the latest console generation, just as the PS5 and Xbox Series X launched, but it all went awry at launch.
After three delays, the highly anticipated RPG was released for PC and consoles with numerous technical issues, prompting refunds to be offered and the game being pulled from PlayStation Store.
After six months of patches designed to improve the game, it finally returned to Sony’s online marketplace in June 2021, when CD Projekt said it believed Cyberpunk 2077’s performance had reached a “satisfactory” level.
Earlier this year, CD Projekt said it has sold 18 million copies of the game and that the team is working on a major Cyberpunk 2077 expansion with a new storyline.
A current-generation patch for The Witcher 3: Wild Hunt is also currently in development.
The PS5 and Xbox Series X/S editions of the game were developed externally by Saber Interactive, who previously also managed the Nintendo Switch port of the game, but they have now been taken internally by CD Projekt to complete development.
A new entry in the The Witcher franchise is currently in pre-production.
