The company's share price also dropped 7.8% since the game launched earlier this week.
The year's most anticipated title, Cyberpunk 2077, has finally launched, but the game's developers has suffered a decline in stock price. CD Projekt Red's stock dropped from PLN (Poland's currency) 443 per share on December 4 to PLN 313.9 one day after the game's launch.
The game's rough launch is likely one of the main culprits for the steep decline. Widespread bugs and the fact that the game is mostly unplayable right now on last-gen consoles have soured fan's reception of the game.
It's a shame because critics have largely received Cyberpunk 2077 positively, despite its issues. The game currently sits at a 90 on Metacritic.
As reported by gamesindustry.biz, Cyberpunk 2077's huge launch was unable to boost the company's stock. Share prices slipped from PLN 390.6 to PLN 362 over the course of December 10, a total of 7.3%.
Gamesindustry.biz reported that it fell as low as PLN 360 at one point, which was a 7.8% drop. And this is all considering the fact that the game had eight million preorders.
The company was at its peak back in August following the announcement of an AR mobile game based on The Witcher. Share prices were at PLN 460.8 back then, which means the company has suffered a 31% decline since then.
Will Things Change for CD Project Red?
It's not all bad news though. CD Project Red revealed that the revenue generated from preorder sales alone exceeded the total development and marketing cost of the game.
Hopefully, things will continue to turn around for the Polish studio. As more patches are released, bugs will be squashed and performance will improve across platforms.
CD Projekt Red is also expected to give PS5 and Xbox Series X/S players a free next-gen upgrade next year. The update will hopefully improve graphical fidelity while maintaining high frame rates.