New report from Business Insider Poland It depicts the difficult situation of CD Projekt. Immediately before the launch of Cyberpunk 2077, the value of the company has increased by more than 75%.Companies that once boasted more than 40 billion zloty market capital can easily Europe’s most valuable gaming company— Currently worth less than 10 billion zł.
In the weeks leading up to the launch of cyberpunk, CDP shares were trading at around zł400 each. zł443 share Only 6 days before the game was released. The story since then has been one of a sharp drop and a temporary stagnation. In other words, CDP shares and market capitalization halved in the first few months of 2021 and almost halved from the end of March this year.
Simply put, this basically means that the acceptance of Cyberpunk 2077 and the subsequent firefighting of the CDP problem cut off five years of the company’s overall value. This is despite Cyberpunk 2077 selling about 14 million copies in 2020 alone. Since its launch, developers have focused primarily on fixing game issues (mainly on the console, I have to say): and the once promised multiplayer mode is no longer occurring. Hmm. Perhaps the most humiliating moment was, perceptually, Sony removing the game from the PlayStation Store (and then back).
Due to the company’s post-cyberpunk plunge, its market capitalization remains at the same level as its 2017 value. The value of gaming companies is expected to drop a bit after the popular game is finally released, but the CDP decline is nothing more than the result of a cyberpunk mismanagement.
Perhaps the CDP gnawing is that they are no longer the largest game studio in Poland. Business Insider Poland uses some calculations daily by Polish business Puls Biznesu to suggest that Techland may be Poland’s largest gaming company today. However, the numbers for this are pretty vague. Since Techland is not listed on the stock exchange, Puls Biznesu had to guess the stock price to reach the final estimate with a market capitalization of about 10.6 billion zł. ..
For CDP, this is not the end of the world. The company remains comfortable in the WIG20 index of 20 major companies on the Warsaw Stock Exchange. In 2017, CDP was still in the aftermath of The Witcher 3 release, only releasing its final DLC a year ago. Returning to market capitalization in 2017 doesn’t mean that CDP is on the verge of closing, but it does indicate that what happened in cyberpunk has hurt the studio.It’s no wonder it’s suddenly talking New witcher game..
