Shares of CD Projekt fell more than 6% in European trading on Thursday, extending recent declines sparked by the company’s latest earnings report.
Earlier this week, the Polish video game developer reported stronger-than-expected first-quarter net profit of 100.1 million zloty ($25.6 million), up 44% year-on-year. Analysts had expected a net profit of 76 million zlotys.
Sales revenue increased 30% year-on-year to 226.8 million zloty, mainly due to strong ongoing sales of Phantom Liberty, a feature extension of their flagship game Cyberpunk 2077.
The company’s shares are down more than 10% in the past five days.
