A recently released Business Insider report on the Polish Mutation illustrates well the gradual decline in CD Projekt’s cost that the Polish gaming firm faced following the troubled release of Cyberpunk 2077.
Shortly before the release of Cyberpunk, CD Projekt had a market value of over PLN 40 billion, making the company the most valuable gaming company in Europe for a short time. However, the value of the company is currently fell below PLN 10 billionwhich is the level corresponding to the value around 2017.
The price per share also showed a negative trend. While at the beginning of December 2020 one share was sold for more than PLN 400, now the price is a little over 90 zł. While the drop is not surprising given the current situation in the financial markets, in the case of CD Projekt it is indeed a significant decline in value, which has gradually deepened since the aforementioned release of Cyberpunk 2077.
The situation was definitely not helped by the recently announced cancellation of a separate multiplayer game from the Cyberpunk universe and the decrease in the profits of the GOG digital store. In the foreseeable future, CD Projekt should release next-gen version of The Witcher 3 and addition for Cyberpunk 2077. In March, the developers also announced that they were working on a new The Witcher. However, its release is still quite a long way off.
At the same time, the editors of Polish Business Insider shed light on the leadership of another important Polish gaming company in the form of Techland. Determining the value is a little more difficult in this case because it is not a public company. According to Business Insider, he should The current value of Techland is PLN 10.56 billion., which will exceed the current value of CD Projekt. Techland was mainly helped by the release of the Dying Light 2 event and the subsequent announcement of work on a big fantasy RPG.
Source :Indian TV
