CD Projekt shares its tank on bad Cyberpunk console reviews and refund reports

A bird flies past the CD Projekt logo at its headquarters in Warsaw, Poland, January 21, 2020. REUTERS/Kacper Pempel

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Dec 14 (Reuters) – CD Projekt’s (CDR.WA) Cyberpunk 2077, the highly anticipated video game that debuted last week, is being hit by negative user reviews for its console version, sending its shares plummeting and raising concerns about the success of the game.

The company’s shares were down 13% at 10:20 GMT, extending their losses from last week amid a mixed reception to the game.

Cyberpunk, a futuristic role-playing game starring Hollywood star Keanu Reeves, has an average rating of 2.8 out of 10 on review aggregator website Metacritic for its release on Sony (6758.T) PlayStation 4, while Microsoft (MSFT.O) XBox A version has a score of 3.7.

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Jefferies analysts also reported reports of refunds being offered by Sony and Microsoft for digital purchases of the game.

The company said it would hold a call with analysts at 2:00 p.m. (1:00 p.m. GMT) and had no further comment.

Kacper Kopron, an analyst at TRIGON DM brokerage, estimates that sales of the game’s version on older consoles could account for a third of its total expected sales volumes over the game’s lifecycle.

CD Projekt should now focus on fixing their communication with players, Kopron added.

VTB Capital’s Vladimir Bespalov said the console scores were “disappointing”, but the game’s better performance on the platforms suggested a shift in sales to next year and he stuck to his forecast of 33 million units sold by by the end of 2021.

Cyberpunk took eight years to develop, and its debut was pushed back three times as the company continued to work on optimizing it for old and new consoles.

Its debut sparked huge interest among gamers and set a record on the Steam streaming platform for concurrent players in a single game with over one million users.

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Reporting by Anna Pruchnicka in Gdansk Editing by Tomasz Janowski

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