CD Projekt sinks in the stock market after Cyberpunk 2077 delay


Cyberpunk 2077 sure is one of the most eagerly awaited games of the year. After all, it’s being made by CD Projekt Red, one of the world’s top developers when it comes to making immersive role-playing (RPG for short) games.

And Cyberpunk 2077 definitely looks like it could be a stunner. Like the Witcher 3 before it, Cyberpunk 2077 will feature a huge open-world to explore, characters to interact with and many quests to embark on. Keanu Reeves is on board too, surely a plus for fans of the John Wick and The Matrix actor.

However, fans hoping to get their hands on the game were left disgruntled last week when developer CD Projekt Red announced that the game would be delayed until December 10. It was originally slated to release on November 19 this year.

Rumors swirling around the Internet suggested that the PS4 and Xbox One versions of the game were not up to scratch, and that CD Projekt Red was having trouble getting to run the game smoothly on current-gen consoles, not so strange taking into account Cyberpunk 2077’s scale and ambition.

This has led to CD Projekt (the game’s publisher, and parent company of CD Projekt Red) sinking in the Polish stock market, dropping by 25 % in the last two months, as was recently reported on IGN.

This means the company was worth €2.5 billion Euros less ($2.9 billion US dollars), which is more than what Microsoft paid for Minecraft developer Mojang back in 2014, by the way.

CD Projekt’s share price is now higher than at the end of October at this time, but the Polish company is now again behind French powerhouse Ubisoft, and is no longer the largest video game company in Europe.

Aside from Cyberpunk 2077’s delay (which means it will now launch a month after the Xbox Series X and PS5 hit the market), people may have also lost confidence in the Polish developer after it was revealed that its staff, which numbers hundreds of people, were made to work overtime in order to get the game done as was covered in Forbes.

Of course, none of this will matter that much if Cyberpunk 2077 suffers no more delays, and actually turns out to be the superlative role-playing game people are expecting it to be. There’s also a silver lining to the game’s delay, as people will get more time to play other major releases such as Ubisoft’s eagerly anticipated Assassin’s Creed Valhalla.

It is also likely that CD Projekt’s fortunes in the Polish market will reverse too: the company has seen incredible growth since 2013 and it doesn’t look like this will stop anytime soon, and its latest share price drop due to Cyberpunk 2077 looks only to be temporary.

Of course, things could get ugly if Cyberpunk 2077 ends up being a disappointment, so hopefully such a nightmare scenario won’t come to pass and people will be having a great time with CD Projekt’s game come December 10 this year.