CD Projekt Share Drop Triggered By Fear Cyberpunk Add-on Will Hit Profit
- Studio has sold over 3 million copies of add-on since launch
- Investors could be underestimating cost of future games
CD Projekt announced a Sept. 26 release date for Phantom Liberty.
Source: CD Projekt SA
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Shares in Polish computer-game maker CD Projekt SA dropped as much as 8.2% on Friday, touching a 4-1/2-month low, on concern that profit could take a hit from the high cost of producing a recently released add-on feature to the Cyberpunk 2077 game.
The shares have lost about 11% in the past two days, erasing gains made since June when CD Projekt announced a Sept. 26 release date for Phantom Liberty, a paid add-on to the futuristic game. On Thursday, the company said during an investor day that over 3 million copies of the add-on were sold in the first week, while sales of the original title totaled 25 million, up from 20 million units in Sept. 2022.