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Crimson Desert Developer's Shares Tank Despite the Game's Strong Metacritic Score
Pearl Abyss shares fell 29.88% after Crimson Desert scored 78 on Metacritic, below investor expectations of mid-to-high 80s, triggering significant market sell-off.
- Yesterday, March 18, reviews for Crimson Desert went live, and Pearl Abyss shares plunged nearly 30%, with the stock down 29.88%, wiping roughly $13 off a $30 share.
- Metacritic's aggregation showed Crimson Desert earned a Metascore of 78 from 85 critic reviews, below the mid-to-high 80s the market had expected, Seoul Economic Daily reported.
- Alinea Analytics estimates show Crimson Desert approached 400,000 pre-launch copies on Steam, generating over $20 million in gross revenue, and ranks near the top of the U.S. PlayStation sales chart.
- Seoul Economic Daily says the market expected a mid-to-high 80s Metascore and the lower result appears to have weighed on the stock; Dr Serkan Toto noted investors reacted negatively but called the regional reception 'Very solid'.
- After seven years and 200 billion won in development, analysts say Crimson Desert 'could really blow up, if it sticks the landing' and is on track for a strong Steam launch.
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28 Articles
28 Articles
Coverage Details
Total News Sources28
Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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