CD Projekt stock down 20% since Cyberpunk reviews hit the internet
This is the Cyberpunk 2077 circumslide
Cyberpunk tanked CD Projekt’s stock, but it’s still WAYYY up
Falling so sharply directly after dropping such an anticipated title might seem a little grim, but CDR stock is still an over-achiever.
In fact, its share price has risen nearly 1,400% since it released The Witcher 3: Wild Hunt in 2015, during which time its market value has grown to almost $10 billion.
That’s 250% more than Elon Musk’s electric vehicle firm Tesla, and leagues ahead of 2020 outliers like Zoom Video andModerna, however the latter two have had much less time to build up steam.
But CDR does trail all three considerably in 2020, having now risen just 26% in the year-to-date.
Stock performance aside, it might soothe investors to know the company isstill bringing in loads of cash.
Despitemissing analyst targetsby around 20%, CD Projekt’s sales are up more than 320% in the past year, and its quarterly net profits rose 57% year-on-year.
Story byDavid Canellis
David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.
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