CD Projekt Red's share price fell 25% in the last two months

They still have print media in 2077 so that's nice
(Image credit: CD Projekt)
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As (opens in new tab) notes, CD Projekt Red's share price peaked in late August with a market cap of 42.4 billion Polish złoty, which is about $US10.7 billion. The individual share price was just under 461 złoty per share, or $US116.50. Subsequently, the studio instituted mandatory extra hours (opens in new tab) to complete work on Cyberpunk 2077, and then announced a delayed release date (opens in new tab). The share price dropped to 331 złoty, and is currently at 335 złoty, which is about $US85.

I'd already forgotten there was a Witcher-themed augmented reality game in the vein of Pokemon Go (opens in new tab) 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 Kiciński explained they already had another big singleplayer RPG (opens in new tab) with a "relatively clear concept" in the works, widely assumed to be the next game in the Witcher universe (opens in new tab).

Jody Macgregor
Weekend/AU Editor

Jody's first computer was a Commodore 64, so he remembers having to use a code wheel to play Pool of Radiance. A former music journalist who interviewed everyone from Giorgio Moroder to Trent Reznor, Jody also co-hosted Australia's first radio show about videogames, Zed Games (opens in new tab). He's written for Rock Paper Shotgun (opens in new tab), The Big Issue, GamesRadar (opens in new tab), Zam (opens in new tab), Glixel (opens in new tab), Five Out of Ten Magazine (opens in new tab), and (opens in new tab), whose cheques with the bunny logo made for fun conversations at the bank. Jody's first article for PC Gamer was about the audio of Alien Isolation, published in 2015, and since then he's written about why Silent Hill belongs on PC, why Recettear: An Item Shop's Tale is the best fantasy shopkeeper tycoon game, and how weird Lost Ark can get. Jody edited PC Gamer Indie from 2017 to 2018, and he eventually lived up to his promise to play every Warhammer videogame.