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CD Projekt Group surpasses Ubisoft to become Europe's most valuable videogame company (in terms of market capitalization)

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CD Projekt Has Surpassed Ubisoft to Become Europe's Most Valuable Video Game Company


The CD Projekt Group — which includes The Witcher III: Wild Hunt developer CD Projekt Red and digital distribution platform GOG — skyrocketed again on Monday, officially surpassing Ubisoft to become the most valuable video game company in Europe. You read that right, the award-winning company that gave us the The Witcher trilogy is currently larger than the French tech giant in terms of market capitalisation.


At the time of this writing, Ubisoft is worth PLN 35,6 billion (€7,82 billion), while CDP's market value is estimated at PLN 36,5 billion (€8,01 billion). Although it's a huge achievement, it's important to remember that CDP posted PLN 521 million in revenues and PLN 175 million in net profit in 2019, while Ubisoft generated €416.2 million (PLN 1,89 billion) in revenue in the third quarter of the fiscal year 2019 alone.


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