Krafton stock down 8% as Callisto Protocol misses expectations

PUBG owner Krafton Inc. sees a significant stock dive following the lower-than-expected reception of its latest published game The Callisto Protocol.

Krafton stock down 8% as Callisto Protocol misses expectations
Published
1 minute & 20 seconds read time

The Callisto Protocol's poor reception have reportedly caused Krafton's shares to drop by nearly 9%.

Krafton stock down 8% as Callisto Protocol misses expectations 11

Yesterday the review embargo broke for The Callisto Protocol, a new horror game made by many of the original Dead Space developers. The project was published by PUBG owner Krafton Inc., who hoped that the game could spawn a new IP and franchise that lives alongside the immensely popular battle royale game PlayerUnknown's Battlegrounds.

The Callisto Protocol apparently didn't meet expectations. The game is currently sitting at a 76 on Metacritic, which is not bad by any means, however it looks like investors may feel differently. It doesn't help that The Callisto Protocol has mostly negative reviews on Steam due to the game's poor optimization and performance on PC. Only 35% of the Steam reviews are positive and the game is suffering from bad optimization that leads to stuttering even on lagging heavily on some enthusiast-grade builds.

Krafton stock down 8% as Callisto Protocol misses expectations 1

This has presumably led the 8.41% drop in Krafton Inc. stock value. The company was trading at 235,500 KRW (about $180) before The Callisto Protocol review embargo broke, and today shares dropped to 201,500 KRW, or about $152, per share.

Krafton has not addressed the situation and Striking Distance Studios, who developed the game, has not commented about The Callisto Protocol's poor PC performance just yet.

The horror game was yet another title that was sold on PlayStation 5 and Xbox Series X/S at the new full $69.99 price tag, but the lower review scores have seemingly led many to purchase other competitors like Need for Speed instead.

Buy at Amazon

The Callisto Protocol Day One Edition - PlayStation 5

TodayYesterday7 days ago30 days ago
$68.70$49.99$68.77
* Prices last scanned on 2/1/2023 at 4:25 pm CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:google.com

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles