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 andCyberpunk 2077, as well asPCdigital distribution platformGOG, has seen its value swell in recent months.
CD Projekt’s market capitalisation was $6.8 billion in December 2019, whenBloombergsaid 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 heavyweightUbisoft’s current market valuation of $8.12 billion.
By way of comparison,RockstarownerTake-Two’s market valuation is $16.13 billion, FIFA and Madden creatorElectronic Arts’ is $34.34 billion, Mario makerNintendo’s is $53.73 billion, and Call of Duty ownerActivision Blizzard’s is $56.27 billion.
Other companies with gaming arms have larger market valuations, includingMicrosoft,SonyandTencent, but their businesses are more diversified than those of the publishers listed above.
Following a switch to remote working, CD Projekt presidentAdam Kiciński said in Aprilthat the company remains on track to hit this September’s delayedCyberpunk 2077 release datefor current-gen consoles and PC.
CD Projekt also intends to release a “proper, full-blown next-gen version” ofCyberpunk 2077 for Xbox Series X and PS5, but it won’t be a launch game.
The companywill work on a new The Witcher gameafter 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 hadsold almost 30 million copies. Over six million were sold in 2019, when the game debuted onSwitch– more than in any other year except 2015, when the RPG was released forPS4,Xbox Oneand PC.
