While most of the performance issues and bugs which caused Cyberpunk 2077’s 2020 release to be so disastrous have since been solved, it seems that the game’s controversial legacy might still be having negative consequences for developer CD Projekt Red.
This is according to a report by Business Insider Poland, unearthed by VGC, which suggests that a drop in stock value by over 75% has caused CDPR to fall behind Dying Light developers Techland in the race to be the most valuable Polish game studio.
While other factors might be at play, the sharp decline seems to line up pretty well with the sci-fi RPGs entry into our lives, with a growth surge from Techland having seen its value go in the opposite direction.
Cyberpunk 2077’s Troubled Release is Seemingly Still Causing Issues
In terms of numbers, the report cites that CDPR’s stock, which was once strong enough to make it Europe’s most valuable game company ahead of Cyberpunk’s release, has fallen in value from over 40 billion Polish złoty to under ten billion.
The corresponding numbers for Techland aren’t as readily available, with it not being a publicly traded company like CDPR, however, Polish business publication Puls Biznesu has estimated Techland’s current value to just over ten billion złoty.
"With the redemption of 15 million shares for a consideration of PLN 900 million, one share is valued at PLN 60.” stated Puls Biznesu, continuing: “Assuming the number of shares of the company at 175.94 million, the implied valuation of Techland is PLN 10.56 billion.”
The drop in financial worth for CDPR is quite concerning, given that it’s scrubbed off a lot of the value generated by the company during the years following The Witcher 3’s incredibly successful 2015 release.
Some quality DLC for Cyberpunk 2077 is one of the possible solutions that might restore some stability to CDPR’s numbers, with expansions for the game already having been discussed by company Vice President and CFO Piotr Nielubowicz back in April.
However, given the apathy many players still seem to have for Cyberpunk, the best hope for CDPR to truly get back on a positive track may be to return to the Witcher, with an upcoming new entry in the series having been revealed back in March.