CD Projekt RED loses $641 million in shares over Cyberpunk 2077 mess

Cyberpunk 2077's console controversy has cost CD Projekt RED over half a million dollars in share value.

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CD Projekt RED has lost over $641,000,000 in share value since Cyberpunk 2077's disastrous console launch. The game's poor performance on PS4 and Xbox One has triggered significant controversy, harming consumer trust. In a call with investors, the developer has admitted to focusing more on PC and next-gen versions, and admits it purposefully hid evidence of the game running on current-gen consoles. CDPR also promises to fix the game on PS4 and Xbox One.

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This fiasco has significantly impacted CDPR's shares. At the time of writing, CD Projekt RED has 100,654,624 shares that're worth $21.31 each. A quick bit of math shows CDPR currently has a market value of $2.14 billion, down 23% since CP2077's release. CD Projekt RED had a $2.7 billion market value on December 9, a day before Cyberpunk 2077's release.

The farther we go back, the worse the drop becomes. On December 4, CDPR's shares were worth $31 a piece. As of today, December 16, they're worth $21.31 a piece. That's a 31.2% decline.

The developer previously touted that Cyberpunk 2077 had achieved 8 million pre-orders, 8x that of The Witcher 3, and that the game's full development costs had been paid off before the title even released. Consoles made up 41% of that, or 3.28 million.

Now the company is being impacted by refunds and negative sentiment.

Here's a breakdown of CD Projekt RED's capital, shares, and executive cuts:

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