Phantom
Company
Documents about Phantom
CD Projekt 2024 Financial Report
CD Projekt’s 2024 financial results demonstrate a resilient business model despite a year characterized by the absence of major new game releases.
- CD Projekt reported a 2024 net profit of PLN 469.9 million ($121.6 million), marking its third-best annual performance despite a 20% year-over-year revenue decline to PLN 985 million ($255 million).
- The Witcher 4 entered full production in November 2024 and currently employs 411 developers, representing the largest portion of the company's 707-person development staff.
- CD Projekt has entered a strategic partnership with Scopely to develop a new game based on one of its existing IPs, either The Witcher or Cyberpunk.
CD Projekt Looks Back at 2024
CD PROJEKT achieved strong financial results in 2024, driven primarily by the sustained commercial performance of its established back catalogue.
- CD Projekt achieved 985 million PLN in revenue and 470 million PLN in net profit in 2024, marking the company's third-best financial year despite having no major new game launches.
- The Cyberpunk 2077 franchise was the primary revenue driver, contributing nearly 600 million PLN to total earnings with 30 million base game copies and 8 million Phantom Liberty units sold by November 2024.
- The company maintained a 48% net profitability rate while simultaneously increasing financial reserves by over 160 million PLN, even after a 100 million PLN dividend payout and record development expenditures.
CD PROJEKT Group: FY 2024 Earnings Presentation
The CD PROJEKT Group fiscal year 2024 earnings presentation outlines the company’s financial performance and strategic development pipeline.
- CD PROJEKT Group reported a 2024 net profit of 469.9 million PLN, supported by lifetime sales of 30 million copies of Cyberpunk 2077 and 8 million copies of the Phantom Liberty expansion.
- The company is shifting toward a multi-project development phase, evidenced by a 16% increase in total assets to 3.04 billion PLN and 695.4 million PLN in capitalized development expenditures.
- Development resources are primarily focused on the next Witcher installment and the project codenamed Orion, supported by an internal development workforce that grew to 707 staff members by February 2025.
Global Mobile Games in November 2024: The Most Profitable IPs
The November 2024 mobile game landscape is dominated by high-profile IPs, with Pokémon leading in both revenue and downloads.
- Pokémon TCG Pocket dominated the November 2024 market with over 30 million downloads and approximately $200 million in revenue, with the US and Japan accounting for 47.3% of total earnings.
- The launch of new Pokémon titles coincided with a 12.8% revenue decline for Pokémon GO, indicating potential cannibalization within the franchise.
- Tencent’s NIKKE saw a 305.7% month-on-month revenue surge, reaching $14 million on a single platform following its second-anniversary event.
Top 10 Worldwide Mobile Games By Revenue and Downloads: November 2024
The mobile gaming industry experienced a period of relative stability in November 2024, with global consumer spending across the Apple App Store and Google Play reaching $6.54 billion, a marginal 0.05% decrease from the previous month.
- Global mobile game consumer spending reached $6.54 billion in November 2024, a marginal 0.05% decrease from the previous month, with the U.S. accounting for 32.3% of total revenue.
- Tencent’s Honor of Kings remained the top-grossing mobile game globally, while Pokémon TCG Pocket emerged as the second-highest-grossing title and the leader in revenue growth.
- Garena Free Fire maintained its position as the most downloaded mobile game globally with over 25 million downloads in November, bringing its lifetime total to 1.78 billion.
FY2024 Full Year Earnings Release Q&A
CyberAgent is prioritizing a transition toward global expansion and diversified revenue streams as it enters the 2025 fiscal year.
- CyberAgent is shifting its strategic focus toward international expansion, as domestic operations currently account for over 90% of total business.
- The game segment is driving global growth through the multi-language release of Jujutsu Kaisen Phantom Parade and the upcoming English version of Umamusume: Pretty Derby.
- The media segment is diversifying revenue beyond advertising and the WINTICKET platform by expanding into distribution fees, merchandising, and live entertainment.
CD Projekt Group Q3 2024 Earnings Release
The CD Projekt Group Q3 2024 earnings release details the financial performance and operational status of the company, highlighting the continued commercial longevity of its flagship intellectual properties.
- Cyberpunk 2077 has reached 30 million units sold, while the Phantom Liberty expansion has achieved 8 million units sold as of November 26, 2024.
- Net profit for Q3 2024 fell to 78.1 million PLN, down from 202.8 million PLN in Q3 2023, primarily due to declining sales revenue from the maturing Cyberpunk 2077 franchise.
- The company maintains a strong financial foundation with 1.4 billion PLN in cash, bank deposits, and bonds as of September 30, 2024.
CD PROJEKT Q3 2024 Earnings Results
CD PROJEKT maintained strong financial momentum during the third quarter of 2024, driven by the sustained commercial success of its established intellectual property portfolio.
- CD PROJEKT reported 228 million PLN in revenue and 78 million PLN in net profit for Q3 2024, with year-to-date net profits approaching 250 million PLN.
- Project Polaris, the first title in the new Witcher trilogy, has officially entered full-scale production, marking the end of its pre-production phase.
- Cyberpunk 2077 has reached 30 million units sold globally, while its Phantom Liberty expansion surpassed 8 million units sold within its first year.
CD PROJEKT Group Q3 2024 Financial Results
CD PROJEKT Group’s third-quarter 2024 financial results reflect a period of transition characterized by the conclusion of pre-production for its flagship project, Project Polaris, and a focus on long-term development scaling.
- CD PROJEKT Group reported Q3 2024 revenue of 228 million zloty and a net profit of 78 million zloty, marking a 12% profit increase over the previous quarter.
- Project Polaris has officially transitioned from pre-production to the intensive production phase, with 400 developers currently assigned to the project.
- The company maintains a strong liquidity position with 1.4 billion zloty in total cash, deposits, and bonds as of the end of September 2024.
Condensed Interim Consolidated Financial Statement of the CD PROJEKT Group for Q3 2024
The CD PROJEKT Group’s financial results for the first nine months of 2024 reflect a period of transition characterized by a year-over-year decline in net profit and revenue.
- CD PROJEKT reported a Q3 2024 net profit of 78.1 million PLN, a decline driven by the lack of a major product launch comparable to the previous year's Phantom Liberty expansion.
- The company maintains a strong financial position with 2.76 billion PLN in total assets and 1.4 billion PLN in liquid reserves, including cash, bank deposits, and government bonds.
- Digital distribution remains the primary revenue driver, accounting for over 95% of total sales, with North America serving as the dominant market at approximately 74% of revenue.
Semi‑Annual Report: April 1 2024 – September 30 2024
Nippon Ichi Software’s semi-annual report for the period of April 1, 2024, to September 30, 2024, details a challenging fiscal first half characterized by a transition to a net loss position.
- Nippon Ichi Software reported a net loss of 171 million yen for the period of April 1, 2024, to September 30, 2024, a significant decline from the 290 million yen profit recorded in the same period the previous year.
- Net sales fell 20.0% year-over-year to 2,447 million yen, driven primarily by a 20.6% decline in the entertainment segment due to the timing of major title releases.
- The company recorded an operating loss of 205 million yen and a negative operating cash flow of 284 million yen during the first half of the fiscal year.
CD Projekt Group Q3 2023 Earnings Release
The CD Projekt Group Q3 2023 earnings release details the financial and operational performance of the company, centered on the successful launch of the Cyberpunk 2077: Phantom Liberty expansion.
- CD Projekt Group reported Q3 2023 revenue of 442.7 million PLN, an 80% year-over-year increase, and a net profit of 202.9 million PLN, a 105% increase.
- The 'Phantom Liberty' expansion for Cyberpunk 2077 sold 4.3 million copies, achieving a 20% attachment rate among existing owners of the base game.
- Community sentiment for Cyberpunk 2077 improved significantly, with 92% of Steam reviews in the final 30 days of the reporting period being positive.