CDPR might never recover from the failure that was Cyberpunk 2077. A new report by Business Insider Poland suggests that the company has lost 75% of its value since the launch of the game back in 2020. CD Projekt RED was also famed as one of the most valuable game companies in Poland with an estimated value of $40 Polish złoty. However, it is now worth less than zł10 billion.
The game’s failed launch was felt immediately. Leading up to the release of Cyberpunk 2077, CDPR’s shares were trading at around zł400 each. Just six days before the game’s launch, this peaked at zł443. At the start of 2021, these shares halved and by March this year, they halved again.
The long and short of it – CD Projekt Red lost five years of its company value within 18 months of launching Cyberpunk 2077. Even after the game managed to sell 14 million units, the cracks in the company’s armour are as clear as day. It also doesn’t help that Cyberpunk 2077 is a shell of its original promise. The multiplayer mode has been cancelled, the game features are missing and players have since jumped ship from the experience. Let’s not forget that even Sony didn’t want to make money off the game. The company removed it from sale on the PlayStation Store in 2020 before listing it again earlier this year.
A lot has changed in Poland since the failure of Cyberpunk 2077. Business Insider Poland suggests that not only has CDPR lost its value, employees and reputation but it is also no longer the most valuable game company in the country. That has been taken over now by Techland. However, Techland isn’t listed on the stock exchange so it isn’t easy to calculate the company’s value at this time. The report claims that Techland’s value is most likely sitting at just above zł10.6 billion.
Regardless of the issues surrounding Cyberpunk 2077, CDPR wants to look forward to the future. The company is currently working on an all-new Witcher game built on Unreal Engine 5. In addition, players can expect The Witcher 3: Wild Hunt Enhanced Edition later this year. The company is supposedly also working on Cyberpunk 2077 DLC. It seems like they want to shift your mind away from the trainwreck of a game and now focus on The Witcher. Will gamers ever trust them? We’ll have to wait and see.
Source: Business Insider