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Cyberpunk 2077’s Delay Causes CD Projekt Red’s Stock To Drop

Cyberpunk-2077s-Delay-Causes-CD-Projekt-Reds-Stock-To-Drop

Due to the Numerous delays of Cyberpunk 2077, the developer’s CD Projekt Red have had a huge blow with their stocks falling by 25%.

It has been revealed that CD Projekt Red’s stock has fallen rather steeply since they announced the repeated delay of the much-anticipated Cyberpunk 2077.

The gaming community is clearly unhappy with the repeated news of delays of Cyberpunk 2077. This is evident by the 25% decline in the Polish Company’s share price. This decline amounts to €2.5 billion from the company’s market capitalization.

The last time the company’s stock was this low was in April when Cyberpunk 2077 was originally meant to launch. The game has been delayed a total of three times, once at the beginning of January, then in June, and then just earlier this month.

Cyberpunk 2077's Delay Causes CD Projekt Red's Stock To Drop

Before the latest delay, the company was able to get themselves back in the good graces of the fans by releasing updates for the game which were dubbed the Night City Wire. During this time, CD Projekt Red’s stock rose again, peaking when they announced The Witcher: Monster Slayer, a mobile game in a similar style to Pokémon GO.  

In an unfortunate turn of events though, some irate fans who have evidently had enough of the ongoing delays have recently sent some rather regrettable messages to the developers some of which even included death threats.

CD Projekt Red’s Senior Game Designer Andrzej Zawadzki addressed these messages in the below tweet, clearly upset with the ongoing situation, and condemning the messages.

https://twitter.com/ZawAndy/status/1321201463545204737

CD Projekt Red was also accused of having their staff work extra hours to get Cyberpunk 2077 out in time, which could also have attributed to the decline in stock prices for the company.

As a comparison, GamesIndustry.biz conducted a study in which they compared the fortunes of Ubisoft and CD Projekt RED, concluding that CD Projekt Red’s performance in the market was heavily influenced by the hype that surrounded Cyberpunk 2077; making it remain higher than Ubisoft, who don’t really rely on just the one game, in terms of market capitalization.

Cyberpunk 2077's Delay Causes CD Projekt Red's Stock To Drop

Ubisoft’s market capitalization is currently €10.2 billion, which is still over 40% higher than that of CD Projekt RED, although it is worth mentioning that Ubisoft is a bigger company and, for this reason, it has the capability to develop more titles than the Polish studio.

Although fans are clearly irate, they do need to keep in mind that Cyberpunk 2077 is still set to launch this year, it is almost complete, and that the game has already gone gold. All of these are positives regarding Cyberpunk 2077. Fans just need to be patient for a few more weeks, the 10 of December isn’t far away and hopefully this time CD Projekt Red delivers the goods promised.

In the meantime, we have the launch of the PlayStation 5, the Xbox Series X, and Xbox Series S to look forward to in November which is exciting in of itself.