CI Games shares ended Friday’s trading on the Warsaw Stock Exchange with a decline of over 17 percent. That day saw the premiere of the key game for the company, Lords of the Fallen.
On Thursday, CI Games shares were reduced by over 10%, to PLN 4.50. The sell-off in shares continued on Friday and the company ended the last session this week with a decline of 17.11%. It was the largest decline of all companies from the WIG index during Friday’s quotations on the Warsaw Stock Exchange.
“Today is the premiere of Lords of the Fallen and a further decline in the price. Could a scenario similar to the debut of Cyberpunk (CD Projekt) be realized here?” – said Marcin Mierzwa, analyst at stooq.pl, in his morning comment. This is about the decline in CD Projekt’s share price after the September debut of Phantoms of Freedom – a story expansion for Cyberpunk 2077.
The CI Games rate has just reached a 6-month low of PLN 3.73. The company’s securities began to decline in mid-September and within a month they lost more than a third of their value.
Premiere of Lords of The Fallen
On Friday, October 13, the game Lords of The Fallen debuted on PC and consoles. On Thursday, the embargo on game reviews was lifted. The average rating of the game on Opencritic that day was 79/100 points. The game was recommended by 76 percent. reviewers. In turn, the rating given on Thursday by Metacritic based on 48 reviews was 76/100 points.
“Lords of The Fallen is a strong position for players who love action RPGs, especially soulslike ones. It is a large, complex game that is the first truly next-gen representative of this genre. It is also one of the first AAA games powered by the latest Unreal Engine 5” – President Marek Tymiński said at the end of September, quoted in the press release. He also announced that the company would share the first sales data by the end of October.
The production budget of Lords of The Fallen, including marketing, is estimated at over PLN 200 million.
About CI Games
CI Games is a Polish company conducting publishing, production and distribution activities on the global video game market. It has operational studios in Warsaw, Barcelona, Bucharest and the United States. The company was established in 2002.
CI Games shares are listed on the Warsaw Stock Exchange. Additionally, CD Projekt is included in the WIG20 index, which includes the 20 largest companies on the Warsaw Stock Exchange. Other computer game producers are also listed on the WSE, including 11 bit studios, Playway and Ten Square Games.
Main photo source: mat. press releases