As Gamesindustry.biz notes, CD Projekt Red\’s share price peaked in late August with a market cap of 42.4 billion Polish zÅ‚oty, which is about $US10.7 billion. The individual share price was just under 461 zÅ‚oty per share, or $US116.50. Subsequently, the studio instituted mandatory extra hours to complete work on Cyberpunk 2077, and then announced a delayed release date. The share price dropped to 331 zÅ‚oty, and is currently at 335 zÅ‚oty, which is about $US85.
I\’d already forgotten there was a Witcher-themed augmented reality game in the vein of Pokemon Go announced in August, but that announcement coincided with the studio\’s share price peaking. The Cyberpunk 2077 hype obviously helped, and I suspect the idea of a new mobile game based on the Witcher wouldn\’t have seemed as appealing to investors before the Netflix show made it a household name.
CD Projekt Red\’s stock fell earlier this year when the impact of the Covid pandemic became obvious, rallying after president and co-CEO Adam KiciÅ„ski explained they already had another big singleplayer RPG with a \”relatively clear concept\” in the works, widely assumed to be the next game in the Witcher universe.