Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Poland
  4. Warsaw Stock Exchange
  5. CD Projekt S.A.
  6. News
  7. Summary
    CDR   PLOPTTC00011


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cyberpunk 2077 sales miss analyst estimates after players demand refunds

12/23/2020 | 03:50am EST
FILE PHOTO: Cyberpunk 2077 game ad in Gdynia

(Reuters) - Polish video game maker CD Projekt SA said it sold more than 13 million copies of its Cyberpunk 2077 game through Dec. 20, below analyst forecasts, hurt in part by refunds demanded by players who complained it was littered with bugs.

A futuristic role-playing game featuring Hollywood star Keanu Reeves, Cyberpunk 2077 was widely seen as one of the biggest premieres this year.

"This figure represents the estimated volume of retail sales across all hardware platforms (factoring in returns)," CD Projekt said.

The company had not given sales forecasts and did not disclose how many refund requests it had received but the sales fell short of market expectations of 16.4 million, said analyst Piotr Bogusz at mBank brokerage.

"While the number ranks Cyberpunk as one of the top selling titles this year, it implies lower PC sales or higher refunds on consoles than we anticipated after launch, likely due to the various bugs and performance issue on PCs other than the high performance ones," Jefferies analysts said in a note.

The game, released on Dec. 10, got off to a rocky start after a backlash over technical glitches led Sony Corp to pull it from its PlayStation Store and Xbox maker Microsoft Corp to offer refunds.

The game's troubled roll-out sent CD Projekt's shares tumbling 40% from a record touched before its release.

The shares were down 5% as of 0805 GMT on Wednesday, after opening higher.

(Reporting by Anna Pruchnicka in Gdansk; editing by Christopher Cushing and Jason Neely)

By Anna Pruchnicka

ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CD PROJEKT S.A. 1.23% 185 End-of-day quote.-32.65%
MBANK S.A. -4.33% 464 End-of-day quote.158.93%
MICROSOFT CORPORATION -0.15% 330.08 Delayed Quote.48.40%
SONY GROUP CORPORATION 0.51% 13895 End-of-day quote.35.10%
All news about CD PROJEKT S.A.
11/30EUROPE : Hawkish Powell comments, Omicron worries drag down European stocks
11/30CD Projekt S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2021
11/30Hawkish Powell comments, Omicron worries drag down European stocks
11/29Cyberpunk costs weigh on CD Projekt's quarterly profit
11/29Cyberpunk costs weigh on CD Projekt's quarterly profit
11/29CD PROJEKT S A : looks back at the third quarter of 2021
11/23CD PROJEKT S A : Timeline of CD PROJEKT Group Q3 2021 results publication – 29 Novem..
11/08TIMELINE-How tweets by Tesla's Elon Musk have moved markets
10/28Ubisoft cuts full-year guidance as it pushes back game premieres again
10/25GLOBAL MARKETS LIVE : HSBC, PayPal, Tesla, Daimler, Intel...
More news
Analyst Recommendations on CD PROJEKT S.A.
More recommendations
Sales 2021 890 M 219 M 219 M
Net income 2021 309 M 76,0 M 76,0 M
Net cash 2021 1 194 M 294 M 294 M
P/E ratio 2021 92,5x
Yield 2021 2,84%
Capitalization 18 637 M 4 568 M 4 587 M
EV / Sales 2021 19,6x
EV / Sales 2022 14,0x
Nbr of Employees 1 177
Free-Float 70,1%
Duration : Period :
CD Projekt S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CD PROJEKT S.A.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus UNDERPERFORM
Number of Analysts 19
Last Close Price 185,00 PLN
Average target price 162,33 PLN
Spread / Average Target -12,3%
EPS Revisions
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
Sector and Competitors