CD Projekt once again surpassed Ubisoft in market capitalization amid the falling shares of the French company
Translated with AI from the Russian original.
Lately, things have not been going well for Ubisoft. Recent decisions have resulted in a sharp drop in stock value
The year 2023 began with Ubisoft’s statement regarding falling sales, the cancellation of three games at once, and yet another delay of Skull and Bones. The market reacted immediately to what was happening.
Ubisoft’s share price plummeted. The drop was around 20%, with the price having been gradually declining roughly since the end of summer 2022.
Against this backdrop, CD Projekt, a sort of longtime rival of Ubisoft, rose up. In 2020, shortly before the legendary scandalous release of Cyberpunk 2077, CD Projekt surpassed Ubisoft in market capitalization.
After the release of Cyberpunk 2077, everything fell apart. Now CD Projekt has overtaken Ubisoft once again, largely due to the actions of the latter. CD Projekt’s market capitalization stands at about 13.3 billion Polish zlotys (or ~2.83 billion euros).
Never miss our newsAdd this site to your preferred sources to see us more oftenAdd on Google
