11 bit Studios share price continues to plummet: Frostpunk authors begin "in-depth analysis of the situation"
The amazing story with 11 bit Studios continues.
In September the Polish developers released the highly appreciated strategy game Frostpunk 2. The game was warmly welcomed by the public and critics, and its sales exceeded 500 thousand copies in 10 days. But immediately after the release of the game, the share price of 11 bit fell by 42% in three days.
Here's What We Know
Two months later, the game continues to enjoy steady popularity and is preparing for release on consoles, and other 11 bit projects are selling well, but the company's shares fell by more than 20% in two days.
This is due to the fact that 11 bit announced the beginning of an "in-depth analysis of the situation" on one of its game projects, as a result of which the Polish publisher may write off almost $12 million.
The studio hasn't revealed which game is in question, but analysts at Noble Securities suggest that it's most likely Projekt 8. Its development was mentioned back in 2019, but the project's concept was soon revised.
The announcement of Projekt 8 was supposed to take place in 2024, and its release - in 2025. But most likely the game won't be released until 2026 at the earliest.
The fate of Projekt 8 remains unclear, but at the moment the Polish studio is not cancelling its development, although the shares of 11 bit from this is not easier.
11 bit stock
Source: Stockwatch
