Cheers to that! Company behind The Witcher has best share growth on developed markets
Polish gaming company CD Projekt RED has seen its share price rise more over the last decade than any other top share in developed markets.
Netflix has seen the biggest growth in the United States with close to a massive 4,000 percent rise, beating off companies such as Amazon, who grew by about 1,200 percent, Apple, who grew by about 900 percent.
But CD Projekt RED has seen more growth than all of those combined with a 25,790 percent increase.
On 5th January 2009 CD Projekt RED had a share price of 1.10 PLN, today that price is 284.80 PLN and is rising.
On 5th January 2009 CD Projekt RED had a share price of 1.10 PLN, today that price is 284.80 PLN and is rising.
The company released their first game, The Witcher, in 2008 but before that they had a history of releasing Polish language boxes of other companies games. It was the release of the third Witcher game, Wild Hunt, in 2015 that sent their share price soaring.
Adam Kiciński, president of CD Projekt, wrote in a letter to shareholders earlier in the year: “Last year was about laying further foundations for the future growth of the group and developing the game ‘Cyberpunk 2077’.
The development of the highly anticipated Cyperpunk 2077, which is set to be released 16th April 2020, has led to the continuation of the rising share price. The dystopian futuristic first person shooter is the complete opposite to the fantasy world of The Witcher series, something the owners of the company aimed to do.
Adam Kiciński, president of CD Projekt, wrote in a letter to shareholders earlier in the year: “Last year was about laying further foundations for the future growth of the group and developing the game ‘Cyberpunk 2077’.
The development of the highly anticipated Cyperpunk 2077, which is set to be released 16th April 2020, has led to the continuation of the rising share price.
“Today I can write that our vision of Night City - a futuristic, dark city located somewhere in sunny California, has been very well received by both industry professionals and fans.
“Further work on ‘Cyberpunk 2077’ is progressing dynamically with more than 400 people currently working on the game.”
This is a large increase in staff from the 240 who worked on the Witcher: Wild Hunt, a game which cost more than 300 million PLN to produce.
It was the release of the third Witcher game, Wild Hunt, in 2015 that sent their share price soaring.
The game went on to sell more than 20 million copies worldwide and is currently having a revival in popularity thanks to the new series on Netflix.
The success of the gaming company is an anomaly on the Polish market as the Polish stock exchange has not developed at the same rate as the country’s economy.
