Cyberpunk 2077 sales miss analyst estimates after refunds

Cyberpunk

Polish video game manufacturer CD Projekt SA said it offered more than 13 million copies of its Cyberpunk 2077 match through Dec. 20, below analyst forecasts, hurt in part by refunds demanded by players who complained it was cluttered with bugs.

A futuristic role-playing game featuring Hollywood star Keanu Reeves, Cyberpunk 2077 was broadly seen as one of the greatest premieres this season.

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

The firm 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 in mBank broker.

The game, published on Dec. 10, got off to a rocky start after a backlash over technical glitches directed Sony Corp to pull it out of its PlayStation Store and Xbox manufacturer Microsoft Corp to offer refunds.

Related Article:
Mobile gaming firm AppLovin hires Morgan Stanley to lead its IPO

The match’s troubled roll-out delivered CD Projekt’s shares tumbling 40% from a record touched before its release.

The stocks were down 5 percent as of 0805 GMT on Wednesday, after opening higher.

The team at Platform Executive hope you have enjoyed this news article. Initial reporting via our official content partners at Thomson Reuters. Reporting by Anna Pruchnicka in Gdansk. Editing by Christopher Cushing and Jason Neely.

Stay on top of the latest developments across the platform economy and gain access to our problem-solving tools, proprietary databases and content sets by becoming a member of our community. For a limited time, premium subscription plans start from just $7 per month.

Share This Post