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CD Projekt RED price drops 29% amid Cyberpunk 2077 release
CD Projekt RED studio capitalization fell 29% amid Cyberpunk 2077 release. Reported by Gamesindustry.biz. This happened over the past week — since December 4, the value of the company’s shares has decreased from 443 (about $ 121) to 313 zlotys (about $ 85.6).
The reasons for the fall are not specified, but the publication connects this with the problems of Cyberpunk 2077 on consoles. After the embargo on the publication of reviews was lifted, journalists highly praised the game — it scored 90 points on Metacritic on PC. However, after launch, owners of previous generation consoles began to complain en masse about crashes, bugs, and poor performance. The game was also criticized by some Steam users — at the time of writing, it received 77% positive reviews in the store.
It seems that the situation could not even be ironed out by 8 million pre-orders, of which 4.72 million were on PC. Thanks to this, the project has become the fastest selling on the platform.
CD Projekt RED reached its maximum value in August when the share price was over PLN 460 (about $ 125.9). Since then, the company’s market capitalization has declined due to repeated transfers of Cyberpunk 2077 and media publications about employee overtime.