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    CDR   PLOPTTC00011

CD PROJEKT S.A.

(CDR)
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CD Projekt S A : says Cyberpunk to return to PlayStation Store

06/15/2021 | 12:56pm EDT

WARSAW/GDANSK, June 15 (Reuters) - CD Projekt's flagship Cyberpunk 2077 game will return to the Sony PlayStation Store this month, the Polish video games maker said on Tuesday, confirming speculation that had sent its shares higher.

Billed as an "open-world, action-adventure story set in ... a megalopolis obsessed with power, glamour and body modification" and featuring Hollywood star Keanu Reeves, Cyberpunk 2077 took a beating from critics for its performance on older consoles, sending the company's shares tumbling.

In December, as gamers complained about glitches, Sony pulled the game from its PlayStation Store only a week after its debut and offered full refunds.

"The Management Board... announces the decision of Sony Interactive Entertainment to restore the availability of the digital version of Cyberpunk 2077 in the PlayStation Store starting on June 21, 2021," CD Projekt said in a statement.

Shares in CD Projekt closed 6.5% up on Tuesday after an option to add Cyberpunk 2077 to wish lists in the PlayStation Store appeared, fueling hopes of its return.

The company had vowed to fix the game after its rocky debut, and in March released a patch designed to solve the problems experienced on older consoles.

The company was the victim of a cyber attack in February. On Thursday it said that internal company data leaked during the security breach is now being circulated on the internet.

Its shares had hit an all-time high in December shortly before Cyberpunk 2077's release, but they have lost more than half their value since then. (Reporting by Karol Badohal Writing by Alan Charlish Editing by David Goodman and David Gregorio)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CD PROJEKT S.A. -1.22% 184 End-of-day quote.-33.02%
SONY GROUP CORPORATION 0.68% 11050 End-of-day quote.7.44%
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Financials
Sales 2021 1 190 M 306 M 306 M
Net income 2021 528 M 136 M 136 M
Net cash 2021 1 510 M 388 M 388 M
P/E ratio 2021 39,2x
Yield 2021 2,51%
Capitalization 18 536 M 4 765 M 4 765 M
EV / Sales 2021 14,3x
EV / Sales 2022 12,6x
Nbr of Employees 1 177
Free-Float 70,1%
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Number of Analysts 19
Last Close Price 184,00 PLN
Average target price 181,71 PLN
Spread / Average Target -1,24%
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Managers and Directors
Marcin Piotr Iwinski Joint Chief Executive Officer
Adam Michal Kicinski President & Joint Chief Executive Officer
Piotr Marcin Nielubowicz Chief Financial Officer & Director
Katarzyna Weronika Szwarc Chairman-Supervisory Board
Piotr Stefan Pagowski Vice Chairman-Supervisory Board
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