CD Projekt has posted a return of 21,000% since the end of 2009, the biggest surge by far of any stock in the Stoxx Europe 600 Index.
Image credit: Bloomberg
CD Projekt’s shares started climbing dramatically in 2015 when The Witcher 3: Wild Hunt came out. In 2020, however, analysts project the company’s revenue to reach $845 million, which is four times higher than the 2015 revenue. Even this year, in the absence of any big releases, the company’s market evaluation grew 86% to $6.8 billion, Bloomberg reports.
These estimates indicate the level of expectations for Cyberpunk 2077, the company’s most expensive project to date. The developers expect their next title to have a broader appeal than the beloved fantasy series.
CD Projekt’s stock gains mean that the company’s market value approaches that of giants like Ubisoft Entertainment.
The news arrives days after The Wicher 3: Wild Hunt reached 48 thousand concurrent players, the game’s highest since 2016.