OTGLF - CD Projekt Red: Phantom Liberty Comes Out Guns Blazing
2024-03-12 17:49:03 ET
Summary
- CD Projekt Red's Phantom Liberty DLC for Cyberpunk is going to be big, and have a big impact on FY 2023 results coming in a couple of weeks.
- The DLC sales are around 200 million PLN in the first 4 days, accounting for approximately 10% of the estimated lifetime sales for the game using typical decay curves.
- While CDPR's franchises are strong, the lack of major intermediate releases and recurring properties poses a challenge for consistent earnings.
- So even though it's a little discounted compared to the top bracket of game developers, a bracket in which it can belong, we are going to pass.
- Also, it's an industry that's very human capital dependent. It is very easy for developers to lose their touch, and go in a matter of 10 years from the top of the industry to nowhere.
Our last coverage of CD Projekt Red ( OTCPK:OTGLF ) focused on the possible outcomes and valuation of CDPR considering the imminent release of Cyberpunk's Phantom Liberty DLC, which would add a considerable amount of content to one of CDPR's flagship games for an almost full-game price....
CD Projekt Red: Phantom Liberty Comes Out Guns Blazing