{"id":1673235,"date":"2022-10-05T05:50:13","date_gmt":"2022-10-05T09:50:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673235"},"modified":"2022-10-05T05:51:14","modified_gmt":"2022-10-05T09:51:14","slug":"video-game-maker-cd-projekt-rises-after-strategy-update-share-buyback","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/video-game-maker-cd-projekt-rises-after-strategy-update-share-buyback\/","title":{"rendered":"Video game maker CD Projekt rises after strategy update, share buyback"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fvideo-game-maker-cd-projekt-rises-after-strategy-update-share-buyback%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673235&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) -Shares in CD Projekt trimmed early gains on Wednesday as investors chewed over the Polish video game maker\u2019s line-up of new games that analysts said could boost growth, but also increased risks.<\/p>\n<p>The stock jumped 9% at the open after the company on Tuesday announced long-term plans for new games in its two core franchises, the Witcher and Cyberpunk, and a new original game.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>It also launched a share buyback for up to 100 million zlotys ($21 million).<\/p>\n<p>\u201cWe see the goals announced by the company as ambitious and their implementation will allow it to reach a new, much higher level,\u201d BDM brokerage analysts wrote.<\/p>\n<p>They flagged risks related to shifting from CD Projekt\u2019s previous practice of focusing on one big-ticket game to developing several projects simultaneously.<\/p>\n<p>Credit Suisse analysts estimated in a note that if the new games generated the same revenue over four years as the \u201cWitcher 3: Wild Hunt\u201d had, its revenue forecasts for 2023-2030 would increase by 4.6 billion zlotys to 17 billion zlotys.<\/p>\n<p>WAITING GAME<\/p>\n<p>CD Projekt released the first game in the Witcher medieval fantasy franchise in 2007 and added another with \u201cCyberpunk 2077\u201d in late 2020. <\/p>\n<p>Its production cycle has usually taken four-to-five years.<\/p>\n<p>\u201cThe announcement of the Witcher saga or a new IP gives hope for a more expansive development in the future than previously expected,\u201d Piotr Cieslak, managing director at Poland\u2019s Retail Investors\u2019 Association told Reuters in an email.<\/p>\n<p>He noted that multiple, simultaneous projects would likely come with higher costs and shareholders would need to wait to see the impact.<\/p>\n<p>Credit Suisse analysts noted that adding about 400 staff, as CD Projekt forms a new studio in North America, could increase development costs by 50% as it pays higher U.S. salaries.<\/p>\n<p>\u201cThis could lead to some sizeable near-term profit reductions, in our view. The first positive impact on revenue might not be until 2026,\u201d they wrote.<\/p>\n<p>The stock, which has lost around 40% of its value so far this year, trimmed earlier gains and was up around 2.4% at 110.96 zlotys as of 0918 GMT.<\/p>\n<p>($1 = 4.8288 zlotys)<\/p>\n<p> (Reporting by Anna Pruchnicka, Additional Reporting by Karol Badohal, Editing by Barbara Lewis and Mark Potter)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/video-game-maker-cd\/attachment\/file-photo-boxes-with-cd-projekts-game-cyberpunk-2077-are-3\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI940BE-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI940BE-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/video-game-maker-cd\/attachment\/file-photo-file-photo-a-bird-flies-in-front-of\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI940BF-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI940BF-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Shares in CD Projekt trimmed early gains on Wednesday as investors chewed over the Polish video game maker\u2019s line-up of new games that analysts said could boost growth, but<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1673235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1673235"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1673235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1673235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1673235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}