CD Projekt is the second-largest video game company in Europe as of this week. By current market valuation, the developer of The Witcher 3: Wild Hunt and Cyberpunk 2077 trails only Ubisoft.
Based in Warsaw, Poland, CD Projekt's market valuation climbed to $8 billion this week, surging up from its previous valuation of $6.8 billion just a month ago. Compared to Ubisoft, the France-based company currently has a market valuation of $9.6 billion, but these values often fluctuate on a day-to-day basis. The $8 billion market cap for CD Projekt refers to the total value of all the company's shares of stock, representing the value placed on the company should it be sold.
While CD Projekt originally began as a distributor of foreign games in its native Poland, the company eventually began developing its own games under the CD Projekt Red label, with The Witcher series being its most notable. It even launched its own distribution service in 2008 with GOG.
Part of this rise in value may be attributed to sales of The Witcher 3 rising by more than 500% following the release of The Witcher Netflix show. The much-anticipated Cyberpunk 2077 is also on the verge of release following a seven-year wait since it was first announced, with the action RPG set to launch on September 17 for PlayStation 4, Xbox One, and PC.
In other Witcher news, the Nintendo Switch version of The Witcher 3 was just updated to version 3.6, introducing PC cross-save support, touch screen functionality, and more graphical settings. You can also grab it at a discount right now.