CD Projekt, Polish video game developer, reported a robust 44% increase in first-quarter net profit

Net profit soared to 100.1 million zlotys ($25.6 million), exceeding the anticipated 76 million zlotys.

Sales revenue for the period climbed 30% year-over-year to 226.8 million zlotys, primarily fueled by sustained strong sales of Phantom Liberty, an expansion of its flagship game Cyberpunk 2077.

Looking ahead, the company disclosed no major game launches planned for the next few years. CFO Piotr Nielubowicz emphasized the need to invest in new projects, noting their preparedness due to accumulated cash reserves and the anticipation of continued robust sales from their existing catalog.

Among their upcoming projects is the first installment of a trilogy expanding on their highly successful medieval fantasy franchise “The Witcher.” Codenamed Polaris, the project involved 407 team members as of April 30 and is slated to commence production in the latter half of this year, with an expected release in 2026 or 2027.

Meanwhile, the team working on the sequel to Cyberpunk 2077, codenamed Orion, comprised 56 developers as of April 30.

In April, CD Projekt received the Evolving Game award for Cyberpunk 2077 at the BAFTA Games Awards 2024.

“We are delighted to receive such a prestigious industry accolade. It validates our three years of hard work on Cyberpunk 2077 and its well-received Phantom Liberty expansion,” said Joint CEO Michal Nowakowski in the statement.

  • Say

    Related Posts

    Concord is Making a Comeback: The Game Receives Numerous Hidden Updates on Steam
    • SaySay
    • October 11, 2024

    Following its disappointing launch, it seemed unlikely that Concord—a project that cost its creators several hundred million dollars—would simply vanish from the gaming landscape. However, it appears that Sony is…

    Continue reading
    Insider: GTA VI Release Pushed to 2026
    • SaySay
    • September 9, 2024

    Rumors about release dates continue to circulate, especially when there is a lack of official information. Recently, an insider has claimed that the release date for GTA VI has been…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Google Faces Memory Shortage – Services May Shift to Paid Models

    • By Say
    • October 11, 2024
    • 4 views
    Google Faces Memory Shortage – Services May Shift to Paid Models

    Google Photos to Learn How to Identify AI-Generated Images

    • By Say
    • October 11, 2024
    • 3 views
    Google Photos to Learn How to Identify AI-Generated Images

    AMD Unveils New Ryzen Pro Processors for Laptops

    • By Say
    • October 11, 2024
    • 3 views
    AMD Unveils New Ryzen Pro Processors for Laptops

    Japan Releases PCIe Expansion Card for Legacy Peripherals Compatible with Windows XP

    • By Say
    • October 11, 2024
    • 6 views
    Japan Releases PCIe Expansion Card for Legacy Peripherals Compatible with Windows XP

    Concord is Making a Comeback: The Game Receives Numerous Hidden Updates on Steam

    • By Say
    • October 11, 2024
    • 4 views
    Concord is Making a Comeback: The Game Receives Numerous Hidden Updates on Steam

    Apple Announces Release Date for iOS 18 and iPadOS 18: Which Devices Will Get the Update?

    • By Say
    • September 21, 2024
    • 14 views
    Apple Announces Release Date for iOS 18 and iPadOS 18: Which Devices Will Get the Update?