Strong Cyberpunk 2077 sales helped drive record third quarter financial results for CD Projekt, the company announced on Monday.

The open-world RPG saw a spike in player numbers in September coinciding with the launch of its major 1.6 patch, a half-price discount on Steam, and the release of Netflix’s anime series Cyberpunk Edgerunners.

CD Projekt claimed in September that the game was attracting over one million players daily and that it had surpassed 20 million sales – up from 18 million reported by the company in April.

This resurgence helped the company achieve record results for its third financial quarter ended on September 30, CD Projekt said today.

“In terms of financials, this was the best third quarter in our entire history. With consolidated revenues at 246 million PLN [$54.6m]– mostly owing to strong sales of Cyberpunk–the Group posted 99 million PLN [$21.3m] in net profit,” said chief financial officer Piotr Nielubowicz.

“This translates into a net profitability of 40% for the whole Group, and a whopping 47% for the CD Projekt Red segment.

“We carry on with intensive development work on the Cyberpunk expansion, as well as on other projects,” he added.

Cyberpunk 2077’s first and only expansion, Phantom Liberty, will be released for PC, PS5 and Xbox Series X/S in 2023.

In October, CD Projekt Red outlined its development slate for the foreseeable future, including a Cyberpunk 2077 sequel, a new trilogy of Witcher games, Witcher spin-offs, and the studio’s first original IP.

More recently, CD Projekt confirmed it’s working on a “full-fledged remake” of the original The Witcher game using Unreal Engine 5.

Following several delays and a change of developer, The Witcher 3: Wild Hunt’s new-gen update will be released on December 14 as a standalone purchase for PC, Xbox Series X/S and PS5, and as a free update for players who already own the game on PC and last-gen consoles.



Posted: Dec 01, 2022 11:50 am
Related Forum: Gaming Discussion

Source: https://www.videogameschronicle.com/news/strong-cyberpunk-sales-drive-record-q3-financial-results-for-cd-projekt/