11 bit studios shares slump after ‘Frostpunk 2’ release

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CNA – Shares in Polish video game maker 11 bit studios slumped 38 per cent yesterday to the bottom of Poland’s mid-cap index after the number of players of the company’s flagship Frostpunk 2 game failed to meet market expectations shortly after its release.

Frostpunk 2, the sequel to BAFTA-nominated society survival city-builder Frostpunk, was released last Friday evening.

The highest number of concurrent players of the game on the Steam platform reached 35,533 last Saturday.

“We expected a significantly higher players peak in the 80,000-100,000 range, so we consider 35,500 as a negative surprise,” said Erste Group analyst Piotr Bogusz, pointing to an eight times stronger “wishlist” – players who had expressed an interest in the game’s release – for Frostpunk 2 than the original at launch.

“Relatively poor ratings may also affect the purchasing decisions of players who have Frostpunk 2 on their wishlist,” he added.

PHOTO: ENVATO