GDANSK :Poland’s greatest sport developer CD Projekt on Wednesday reported a 148 per cent year-on-year rise in third-quarter web revenue in contrast with the earlier 12 months because of sturdy gross sales of video games from its again catalogue, primarily “Cyberpunk 2077” and its “Phantom Liberty” growth.
BY THE NUMBERS
Its web revenue was 193.5 million zlotys ($53 million), beating analysts’ expectations of 159 million zlotys seen in a Reuters ballot.
Income for the interval rose 53 per cent year-on-year to 349.1 million zlotys.
The whole gross sales of the corporate’s blockbuster sport “Cyberpunk 2077”, which debuted in December 2020, surpassed 35 million models.
Within the third quarter, investments in future releases amounted to 118 million zlotys.
WHY IT’S IMPORTANT
CD Projekt has in its portfolio two enormous franchises – Cyberpunk and Witcher.
“The Witcher 4”, a successor to “The Witcher 3: Wild Hunt”, is presently within the manufacturing section, with the discharge date anticipated after 2026. As at October 31, the corporate had 447 builders engaged on the sport.
The sequel to “Cyberpunk 2077”, “Cyberpunk 2”, is in pre-production section with 135 builders engaged on it.
CONTEXT
CD Projekt is dealing with a interval with out a main sport launch and its income for the subsequent quarters will primarily come from the gross sales of present video games.
It sometimes takes the corporate 5 to 6 years to develop a big-ticket AAA sport from the time early concepts are first mentioned.
The important thing actions for the studio will embrace additional improvement work associated to ongoing tasks, the continuation of “The Witcher 4” data marketing campaign, and the event of the CD Projekt RED staff’s actions in Boston.
KEY QUOTES
“We’re very pleased and happy with the truth that – regardless of the passage of time – Cyberpunk 2077 stays such a effectively performing title and continues to draw new gamers,” the corporate’s joint CEO Michał Nowakowski mentioned in an announcement.
“Owing to sturdy money flows from our core enterprise, we’re capable of make daring investments in future tasks, and proceed growing our Boston staff, which is able to energy our additional progress,” CFO Piotr Nielubowicz mentioned.
($1 = 3.6487 zlotys)
