Last updated on December 8th, 2022 at 03:13 pm
The announcement of the new strategic plan of CD Projekt RED negatively affects the price of the studio’s shares
Yesterday, March 30, CD Projekt RED presented its new strategic plan to investors. The Polish studio decided to change its approach to marketing future games, “reconsidered” its intentions regarding the launch of multiplayer for Cyberpunk 2077, and clarified the timing of the release of the updated version of The Witcher 3: Wild Hunt on PS5, Xbox Series X, and S. Investors, apparently, the CDPR story is not impressed, as after the presentation the company’s shares fell by 14.5%.
The price of CD Projekt RED securities before demonstrating the strategic plan was PLN 217.5 per share. Then there was a sharp drop to 185.69 zlotych. Now the rate has risen slightly and is 190.45 zloty per share.
Edition Bankier. Pl communicated with analysts and tried to figure out why there was a decrease in value. According to experts, there are exactly two reasons, and the first of them is a hint of the cancellation of the multiplayer mode for Cyberpunk 2077. Because of this, questions arose as to how much the game could bring in the future.
And the second reason lies in the cautious statements of CD Projekt RED, which did not name the exact release dates for additions to Cyberpunk 2077 and the updated version of The Witcher 3: Wild Hunt. In this way, the studio is reinsured against further transfers and deceiving the audience’s expectations. However, this is bad for investors, as it is difficult to predict the future value of CDPR shares.