CD PROJEKT shares fell by 8 per day%
On October 6, CD PROJEKT began with a decrease in the share price. As Bloomberg noted, after the opening of trading, the company's shares fell by 8.2% to 109 zlotys ($25) apiece.
This is probably how investors reacted to information about the costs of Cyberpunk 2077: Phantom Liberty. The development of the add-on cost CD PROJEKT 275 million zlotys ($63 million), and the company spent another 95 million zlotys ($21.7 million) on its marketing.
"The high budget for development and marketing means that the add-on has not reached the break-even level. More importantly, it may mean that investors underestimate the value of future games," analyst Kacper Kopron told Bloomberg.
Now they give three and a half times less for a CD PROJEKT share than on December 9, 2020, on the eve of the release of Cyberpunk 2077.
