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CD Projekt RED is the 2nd Biggest Video Game Company in Europe

CD Projekt RED is the 2nd Biggest Video Game Company in Europe - News

by William D'Angelo , posted on 01 March 2020 / 3,843 Views

CD Projekt RED's value has shot up following the release of The Witcher 3: Wild Hunt on the Nintendo Switch and the increased sales of the other versions of the game, following the release of The Witcher Netflix series.

CD Projekt RED is now the second most valuable video game company in Europe, only behind Ubisoft. Their value has shot up from $6.8 billion (£5.2 billion) to $8 billion (£6.1 billion) in the last month. Ubisoft is currently valued at $9.6 billion (£7.4 billion).

It was recently reported that The Witcher 3: Wild Hunt on Steam has generated over $50 million in revenue from October 1, 2018 to today. The game is available now for the Nintendo Switch, PlayStation 4, Xbox One, and Windows PC.


CD Projekt Red's next big release, Cyberpunk 2077, will launch for the PlayStation 4, Xbox One and Windows PC on September 17.

Thanks Reddit.


A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD


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26 Comments
VAMatt (on 23 February 2020)

GoG must be doing a hell of a lot of business. Either that, or people have massively high (probably unrealistically so) expectations for Cyperpunk.

  • +3
Mr Puggsly (on 23 February 2020)

It's kinda hard to believe CDPR and Ubisoft's value is even that close. I think Ubisoft puts out more games annually than CDPR has ever.

  • +3
Zkuq Mr Puggsly (on 24 February 2020)

I bet GOG is bigger than uPlay though. I mean, uPlay might have more users, but it's probably mainly because of Ubisoft's own games. Strictly for business outside of the company's own games, I imagine GOG is bigger. I could be wrong though, but this would certainly make sense. Also, Ubisoft has had some less stellar performances recently, which doesn't help either.

  • 0
Mr Puggsly Mr Puggsly (on 25 February 2020)

I imagine GoG has more users. Ubisoft games are more popular on consoles than PC. So I would guess GoG does better both in users and profits than uPlay.

Maybe GoG is more successful than we assume. Because Ubisoft should easily outperform them in software sales.

  • 0
JRPGfan (on 23 February 2020)

Because they go the extra mile, to make sure their products are quality.
Not filled with micro transactions, or focused around being cheaply produced high payoff projects.

  • +2
Bofferbrauer2 (on 24 February 2020)

I didn't expect them to beat Paradox Interactive so easily and then get pretty close to Ubisoft to boot.

  • 0
Jumpin (on 23 February 2020)

Market value doesn't measure the size of a company, it measures the potential value of their shares if they were to (hypothetically) sell its full volume at the current market value. The value of shares is based on the profitability speculation by investors. A better indicator on the size of a company is the value of its assets independent of any holding companies. For example, a company like Rockstar North is a British company that is owned by a Wall Street holding company - but Rockstar North is still British as its assets are located and operated in the UK.

  • 0
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VAMatt Jumpin (on 24 February 2020)

I agree. However, this being a sales site does kind of mean that were following the business side of things, and market cap is a common stat used to describe the "size" of a business. So, I don't really object to its use here.

But, to what Jumpin said...... I think there's a good chance that the market cap is super high due to speculation about the performance of Cyberpunk. If that's where much of this value comes from, that means people have ridiculous expectations for sales of that game....or it's gonna have to be loaded with microtransactions to make those numbers make sense.

  • 0
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VAMatt Jumpin (on 24 February 2020)

Sure. But, that's not how it works in the business community. The most commonly used measurement of a company's size (big, public companies, anyway) is market cap. After that, it's revenue.

We don't have to like it. But, it is the conventional measure of size.

  • 0
VAMatt Jumpin (on 24 February 2020)

On the other hand, you could make a good argument that since we are on a website about sales, we should be using revenues as the measure of a company's size.

  • 0
Jumpin (on 23 February 2020)

Market value doesn’t measure the size of a company, it measures the potential value of their shares if they were to (hypothetically) sell its full volume at the current market value. The value of shares is based on the profitability speculation by investors. A better indicator on the size of a company is the value of its assets independent of any holding companies. For example, a company like Rockstar North is a British company that is owned by a Wall Street holding company.

  • 0
sales2099 (on 23 February 2020)

It’s amazing how one game can give such a high evaluation compared to the multi studio Ubisoft

  • 0
StreaK (on 23 February 2020)

Honestly, I don't get it...what's the big deal with these open world games? I swear, most of these players just goof around in them and don't even play through 50% of the game. Ugh.

  • -1
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VAMatt StreaK (on 23 February 2020)

Even in cases where people do just good around, what's the problem? It's a game. You're supposed to have fun with it. If crusinijg around admiring the scenery, or randomly killing things, or whatever is fun for someone, then I hope that's what they do.

  • +3
VAMatt StreaK (on 23 February 2020)

Just goof* around

Anyway, that's not how I play games. But, it doesn't bother me if that's what someone else does.

  • 0
JWeinCom StreaK (on 23 February 2020)

I guess that's what the find fun?

  • 0
RaptorChrist StreaK (on 24 February 2020)

Witcher 3 didn't sell well for simply being an open-world game; that's besides the point.

  • 0
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Pemalite ClassicGamingWizzz (on 23 February 2020)

Microsoft has/had a market cap of 1.36 Trillion dollars. - If you don't think 10~ billion isn't a small drop in the bucket for them..

  • 0
SanAndreasX ClassicGamingWizzz (on 23 February 2020)

Even at Microsoft, stockholders aren't going to let the company make a ten billion dollar purchase unchallenged.

  • 0
Chris Hu ClassicGamingWizzz (on 23 February 2020)

I highly doubt that stockholders could stop Microsoft from buying them if they really wanted to. Heck l can't remember the last time stockholders actually stopped a major aquistion or merger of any company.

  • -1
Pemalite ClassicGamingWizzz (on 23 February 2020)

Thing is, CD Project Red is more than just a games company, they are also a store front, which would look pretty good to stockholders, especially if MIcrosoft integrates GoG into say... The Windows Store.

Either way, 10~ billion isn't allot of cash to Microsoft, wealth is all relative though at the end of the day.

  • 0
Replicant ClassicGamingWizzz (on 24 February 2020)

@Permalite - Of course Microsoft can afford a $10B acquisition. I don't think many people doubt that. With that said, I don't think I'd say that $10B "isn't allot of cash to Microsoft". It'd be their 2nd biggest acquisition ever behind only LinkedIn.

Even Skype ($8.5B), Github ($7.5B), and Nokia ($7.2B) were cheaper for them to buy and looking only at video games Mojang ($2.5B), Rare ($0.375B), and all their recent studio acquisitions were far cheaper.

  • 0