CD Projekt’s Q3 21 results came in between 17% to 63% below consensus estimates on all levels. While the next-gen console versions of „Cyberpunk 2077“ and „The Witcher 3“ were moved to Q1 22 and Q2 22 respectively and the price of Cyberpunk 2077 has been lowered significantly during „Black Friday“ promotions, we maintain our view that the worst is behind CDR.
04 Dec 2021
Q3 results disappointed, but the stock remains attractive in the long run
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Q3 results disappointed, but the stock remains attractive in the long run
CD Projekt’s Q3 21 results came in between 17% to 63% below consensus estimates on all levels. While the next-gen console versions of „Cyberpunk 2077“ and „The Witcher 3“ were moved to Q1 22 and Q2 22 respectively and the price of Cyberpunk 2077 has been lowered significantly during „Black Friday“ promotions, we maintain our view that the worst is behind CDR.