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CD Projekt is now Europe’s most valuable game company ahead of Ubisoft

Bullet Club

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Oct 24, 2017
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CD Projekt is now Europe’s most valuable game company ahead of Ubisoft

Remarkable growth continues as The Witcher 3 celebrates its fifth birthday

CD Projekt has become Europe’s most valuable video game company with a market capitalisation of $8.13 billion.

The Polish firm behind The Witcher games and Cyberpunk 2077, as well as PC digital distribution platform GOG, has seen its value swell in recent months.

CD Projekt’s market capitalisation was $6.8 billion in December 2019, when Bloomberg said the company had posted a return of 21,000% over the previous decade – comfortably the biggest rise of any stock then listed in the Stoxx Europe 600 Index.

The company has surpassed European games industry heavyweight Ubisoft’s current market valuation of $8.12 billion.

By way of comparison, Rockstar owner Take-Two’s market valuation is $16.13 billion, FIFA and Madden creator Electronic Arts’ is $34.34 billion, Mario maker Nintendo’s is $53.73 billion, and Call of Duty owner Activision Blizzard’s is $56.27 billion.

Other companies with gaming arms have larger market valuations, including Microsoft, Sony and Tencent, but their businesses are more diversified than those of the publishers listed above.

Following a switch to remote working, CD Projekt president Adam Kiciński said in April that the company remains on track to hit this September’s delayed Cyberpunk 2077 release date for current-gen consoles and PC.

CD Projekt also intends to release a “proper, full-blown next-gen version” of Cyberpunk 2077 for Xbox Series X and PS5, but it won’t be a launch game.

The company will work on a new The Witcher game after Cyberpunk 2077 is completed, Kiciński said in March.

The most recent series entry, The Witcher 3: Wild Hunt, celebrated its fifth birthday on May 19.

In March, CD Projekt said the title had sold almost 30 million copies. Over six million were sold in 2019, when the game debuted on Switch – more than in any other year except 2015, when the RPG was released for PS4, Xbox One and PC.

Source: VGC
 

vaibhavpisal

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Jun 10, 2019
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Witcher 3 alone sold as many copies as 3 Assassin's Creed games.

Is probably better game than all of them combined, except Assasins creed 2.
 
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martino

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billyxci

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Aug 3, 2014
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as much as i love CDPR and Witcher games i do feel this is potentially a bubble ready to burst. to be fair they do deserve a lot of praise for Witcher 3 which is a fantastic game so of course it would sell well and more recently it sold a shit load more because of the TV show. they are also doing quite well with Gwent and we of course got Thronebreaker. they have earned a lot of praise.

but a lot of the price is surely riding on the excitement/hype for Cyberpunk 2077. the game could turn out way better than Witcher 3 but for a lot of people they have unrealistic expectations of it. I'm sure the game will do well but if it doesn't then the price is gonna drop like a tonne of bricks. even if it does sell really well a lot of the investors might too be sitting with unrealistic expectations.

i wish CDPR all the best and i'll probably end up buying 2 or 3 copies of the game lol but once 2077 is out we'll see people spreading panic because the price drops.
 
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sublimit

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It's really not an achievement to be ahead of a company like Ubisoft.

But congrats to CDPR.The work they did on the Witcher series was mostly incredible and TW3 is one of my favorite games of all time. I'm not interested in Cyberpunk though.
 

Yoda

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It's really not an achievement to be ahead of a company like Ubisoft.

But congrats to CDPR.The work they did on the Witcher series was mostly incredible and TW3 is one of my favorite games of all time. I'm not interested in Cyberpunk though.

Judging the gaming side, CDPR only has one (proven) franchise. Ubisoft has a handful, which they've had for a long time. The fact investors are that bullshit on CDPRs catalog speaks volumes about the value CDPR is able to build into a single franchise.
 

Airbus Jr

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It's really not an achievement to be ahead of a company like Ubisoft.

But congrats to CDPR.The work they did on the Witcher series was mostly incredible and TW3 is one of my favorite games of all time. I'm not interested in Cyberpunk though.

Dude you might not like their game but Ubisoft are the biggest european gaming company

*well until this news arrived
 
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ScaryBrandon

Has a powerful MS-Excel PC that plays some games
Feb 21, 2014
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Has there ever been a bigger overinflated company value? They are one flop away from losing the vast majority of their value. Good luck reganining it if that happens when they release one game every 10 years.
 

Saber

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Jan 30, 2019
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I can say they really deserve. I mean, compare big ass Witcher 3 against those countless ass creeds.

If everything wents well, Cyberpunk delivers and could even beat Witcher.