Chat Session with Individual Investors: 27 March 2019

Key insights

6 takeaways

01
CD PROJEKT confirmed that Cyberpunk 2077 will launch as a multi-platform release for PC, Xbox, and PS4, with E3 identified as a critical milestone for the title.See it on page 1
02
The company is expanding into the mobile market through a new version of GWENT and an independent project currently in development by its subsidiary, Spokko.See it on page 5
03
Strategic growth is shifting toward diversification into mobile gaming and e-sports, specifically the GWENT Masters series, while maintaining narrative-driven RPGs as the core business.See it on page 2
04
The GOG platform is navigating increased market competition by securing high-profile distribution deals through custom-tailored partner agreements.See it on page 2
05
Financial operations prioritize organic growth, with surplus cash allocated to bank deposits and R&D, while development costs for titles like Thronebreaker and GWENT are amortized over time.See it on page 2
06
The March 27, 2019, investor session on StockWatch.pl drew nearly 900 participants, signaling high interest in the company’s transition to its next major release cycle.See it on page 1

Summary

The investor chat session held on March 27, 2019, served as a platform for CD PROJEKT leadership to address shareholder inquiries regarding the company’s strategic direction, financial performance, and product roadmap. The primary objective was to provide transparency on the development of key titles, specifically Cyberpunk 2077 and the GWENT franchise, while clarifying the company’s stance on mobile expansion, platform partnerships, and corporate governance.

Key disclosures included the official announcement of a mobile version of GWENT and confirmation that the company’s subsidiary, Spokko, is developing an ambitious, independent mobile project. Leadership emphasized that the company remains committed to organic growth, though they did not rule out future acquisitions that align with their business philosophy. Regarding financial operations, the company noted that development costs for titles like Thronebreaker and GWENT are amortized over time, a standard industry practice, and that surplus cash is primarily allocated to bank deposits and ongoing R&D.

The session highlighted the company’s evolving relationship with the GOG platform, noting that while the store faces increased competition, it continues to secure high-profile distribution deals through custom-tailored partner agreements. Furthermore, the company confirmed that Cyberpunk 2077 will be a multi-platform release for PC, Xbox, and PS4, with the upcoming E3 event serving as a major milestone for the title.

The event, hosted on StockWatch.pl, attracted nearly 900 participants, reflecting significant investor interest in the company’s transition toward its next major release cycle. The discussion underscored a strategic pivot toward diversifying into mobile gaming and e-sports, such as the GWENT Masters series, while maintaining a focus on high-quality, narrative-driven RPGs as the core of the business.