Crimson desert sales surge after initial stock plunge

Pearl Abyss, the developer and publisher of the open-world action game Crimson Desert, is seeing a significant boost in sales and stock prices following an impressive first week.

Game sells 3 million copies in five days

Crimson Desert launched on March 19 and quickly racked up sales, reaching 2 million copies in its first day on Steam and adding another 1 million over the next four days. The game's sales momentum has helped turn around a rough start for the company's stock, which plummeted nearly 30% in the wake of mostly mixed user reviews and some criticism of the game's controls and performance.

However, with each new update and patch, Crimson Desert's reviews have steadily improved, now boasting a 'very positive' score on Steam. The game's Metascore sits at 78, with user reviews averaging an 8.1.

As a result, Pearl Abyss' stock has rebounded, jumping 23.34% today alone. While still down from pre-launch levels, the company's fortunes appear to be shifting in a positive direction.

Industry observers like Dr. Serkan Toto, CEO of Japan game consultancy Kantan Games, are attributing the 'Whoopsie' moment to a common phenomenon in Asian gaming markets where investor sentiment rapidly swings.