To say that the last couple of years have been tough for CD Projekt would be a bit of an understatement. Open world action RPG Cyberpunk 2077 launched in December 2020 after prolonged hype and fell woefully short of expectations in more ways than one, suffering a disastrous launch maligned with widespread criticism and backlash. Unsurprisingly, in spite of having sold a healthy number of copies, Cyberpunk 2077 has cost CD Projekt in a number of ways, and a recent report by Business Insider Poland has further reinforced that fact.
According to the report, the Polish company’s stock value has fallen more than 75% of what it was before the launch of Cyberpunk 2077. Within a few months of the RPG’s release, CD Projekt’s market cap had halved, then halved again by March 2022. Its estimated value, which stood at around PLN 40 billion in late 2020, is currently at less than PLN 10 billion.
Currently, CD Projekt RED is working on an expansion for Cyberpunk 2077, which is due out in 2033. A sizeable team is at work on that, while at the same time, development has also started on the next The Witcher instalment. For the latter project, the developer recently also signed into an agreement with Epic Games, as part of which it will use Unreal Engine 5 for the RPG’s development. The remainder of the current-gen version of The Witcher 3’s development was also recently brought in-house, though it’s expected to launch in Q4 of this year.
In comparison, the Business Insider Poland report also reveals that fellow Polish studio Techland, developer of the Dying Light 2 Stay Human, is expecting significant growth and profits and has exceeded CD Projekt’s market value. Read more on that through here.