The Witcher is a force: CD Projekt's price increased by 21,000% thanks to The Witcher games

CD Projekt rarely pleases players with new projects, but this did not stop the company from showing the greatest growth

share price.

What is known

According to Bloomberg, since 2009 the costThe assets of the Polish holding CD Projekt S.A., of which the CD Projekt RED studio is part, increased by 21,000%. According to the publication, this is the largest jump among public European companies included in the STOXX 600.

It’s not surprising, but it’s a fact that the main reasonThe Witcher series has grown rapidly. Thus, in 2019, total sales of games about the adventures of a lone medieval knight reached 40 million copies. Moreover, more than 20 million copies sold were for The Witcher 3, including PlayStation 4, Xbox One and PC.

 


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Considering the release of the series &#8220;The Witcher&#8221; fromNetflix, sales may increase as the project's popularity has increased since the release of the series. According to Steamcharts, on December 25, 62 thousand gamers played the Steam version of The Witcher 3. This is the highest figure in the last three years, and before that the championship was held in May 2016, when, after the release of the expansion &#8220;Blood and Wine&#8221; 49 thousand gamers entered the game.

At the same time, in the homeland of CD Projekt, things are worse. Over the same 10 years, the Polish stock index WIG20 fell by 11%, and the already mentioned STOXX 600 rose by 65%.

Despite the lack of releases in 2019and the company's focus on one game at a time, CD Projekt managed to increase its value by 86%, reaching a market valuation of $6.8 billion. In addition, analysts expect the company to increase profits to $845 million due to the April release of Cyberpunk 2077.

CD Projekt itself is betting heavily on the project, and in the third quarter of 2019 spent more than $10 million on game development, including Cyberpunk 2077.

Let us remind you that Cyberpunk 2077 will be released on April 16, 2020 on PlayStation 4, Xbox One, as well as the PC platform in the Steam, GOG and Epic Games Store.

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