CD Projekt Stock Value Is Quarter Of What It Was Before Cyberpunk 2077 Launch
The year is 2015. You're calling out to Roach, who's stuck on the roof of a house for some reason, getting you late for a very important game of Gwent – oh and Ciri is in danger or something – life is good. Not just for you, for CD Projekt too, as The Witcher 3: Wild Hunt turned out to be one of the best action-RPGs ever made. The game sold so well, and anticipation for the next title was so high, that in May 2020 CDP became the most valuable gaming company in Europe, surpassing even Ubisoft.
Part of that was obviously down to its success with The Witcher 3, but it was also due to the highly anticipated launch of Cyberpunk 2077. Unfortunately, we all know how that went. Now, almost two years since the disastrous launch, CD Projekt's stock is worth only a quarter of what it was in May 2020.
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This information comes via a report by Business Insider Poland, which revealed that the company's value fell by over 75 percent since the launch of Cyberpunk 2077 (thanks, PC Gamer). According to the report, at its peak, CD Projekt had a market capitalisation of over 40 billion Polish złoty, which over the past few years has been dwarfed to just about zł10 billion.
The massive slump can only be attributed to the disastrous launch of Cyberpunk 2077. The game was so riddled with bugs, glitches, and performance issues that it was deemed unplayable at the time. This resulted in a wave of refunds and its subsequent removal from the PlayStation store. Business Insider's report goes on to say that, as of today, CD Projekt may not even be the biggest game studio in Poland – a title which now belongs to Dying Light 2 dev, Techland.
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