For the past decade, CD Projekt RED was on the crest of the wave. The incredible and deserved success of The Witcher 3 had projected it into the Olympus of large European companies: in May 2020 it was the largest company in the Old Continent, with a share value higher than that of a giant like Ubisoft.
The merit of the growth could be attributed, in addition to the witcher, also to the great enthusiasm that surrounded Cyberpunk 2077, one of the most anticipated and desired games of our times. Then, things fell apart. The repeated postponements and the disastrous launch of December 2020, to which CD Projekt RED was able to patch only with Patch 1.5 at the beginning of 2022, have precipitated the value of the company.
According to a recent report by Business Insider Poland, since the launch of Cyberpunk 2077 to date the value of CD Projekt RED has dropped by 75%. At its peak, capitalization exceeded 40 million zlotys, while now it is around 10 million.
Since the only major event since 2020 has been the launch of Cyberpunk 2077 (with its bugs and glitches, broken promises, refunds and removal from PlayStation Store), the causes of the collapse are easy to locate.
According to Business Insider, CD Projekt RED has also lost its title as Poland’s largest company, which currently belongs to Techland, author of the recent Dying Light 2.
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