18:14 23 September 2024
Frostpunk 2 did not meet market expectations. Stock collapsed for 11 bit studios
The launch of Frostpunk 2 did not meet market expectations, leading to a more than 30% drop in the stock prices of 11 bit studios. Despite selling over 350,000 copies since its debut on September 20, investors anticipated better performance based on high pre-release reviews. Initial player peaks reached 35,500, lower than the expected 40,000, causing concerns among investors. While the game received an 86/100 rating from critics, player reviews were less favorable, with only 72.6% positive ratings.
Analysts have revised their price targets for the company significantly downward, anticipating that sales for the first month would be around 800,000 copies instead of the previously forecasted 1.4 million for 2024.
