May 28, 2022

CD Projekt Red Drops 25% in Market Value

As Cyberpunk 2077 draws closer, will it be able to help CD Projekt Red accrue some of it’s lost market value?

ray-tracing

Following the controversial crunch conversation and the third delay of Cyberpunk 2077, CD Projekt Red’s market price has fallen by 25%.

For backstory, CDPR started the year off on around £5.2/$6.8 billion. Then, following the success of The Witcher Netflix show, the company sat at around £6.1/$8 billion in February.

The company’s stock peaked at around £7.4/$9.6 billion in August.

During that time, CDPR has been working up to the release of Cyberpunk. Initially slated for a release in April 2020. Then that was pushed back to September, and then November, and, just recently, the game is [currently] stated for a release 10th December.

Meanwhile, as recently as September, CDPR announced a company-wide crunch period. As a result, the studios’ market value dropped by 25%, or around £2 billion off the top.

To say it’s a difficult time for the studio, or the studio’s fans would be an understatement. The question now is, will Cyberpunk actually make its release date? Time will tell.


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