The share price of the creators of Cyberpunk 2077 fell by 25%

Polish CD Projekt RED fell by a quarter compared to August figures. It’s all about the next transfer of Cyberpunk 2077 and scandals with processing.

At the end of August 2020, the market value of CD Projekt RED on the stock market was higher than at any other time in the company’s history. As soon as Polish developers announced the mobile AR-game Witcher in the style of Pokémon GO, the studio’s capitalization reached a record zł42.4 billion ($10.7 billion) at a price of zł461 ($116.6) per share.

Two months later, the situation changed dramatically.

On October 28, the share price of CD Projekt RED fell to the level of zł331 ($83.77). This is the lowest figure since April 2020. At the same time, the company’s value fell by $2.3 billion and amounted to zł33.4 billion ($8.4 billion).

All this happened against the background of a series of scandalous news about CD Projekt RED. Back in September, the company’s management announced the transfer of employees to a six-day working week. This was explained by the need to release Cyberpunk 2077 on time.

However, at the end of last week CD Projekt RED suddenly announced another transfer of the title. This is the third time the Polish studio has changed the release date of Cyberpunk 2077. Initially, the game was supposed to be released on April 16, then on September 17, and later on November 19. The last announced date is December 10.

Note: by the time of writing the news, the price per share of CD Projekt RED has risen slightly and now stands at zł345 ($87).

Also on the topic:

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• The Polish gaming market was estimated at almost €500 million.
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