Key insights
6 takeaways · ~2 min read- 01CD Projekt Group reported FY 2024 revenue of PLN 1.23 billion, a 20% year-on-year decrease, while achieving a net profit of PLN 481.1 million.
- 02The company projects a significant improvement in profitability, targeting a net profit margin of 58.5% compared to the 47.7% expected for 2024 and 39% in 2023.
- 03Development resources are heavily concentrated on a multi-project pipeline, with 650 developers currently assigned to titles including The Witcher 4, Orion, Sirius, Hadar, and the Witcher Remake.
- 04The Witcher 4 demonstrated high market visibility, capturing 53% of press coverage among major peers in the 72 hours following The Game Awards 2024 with 2,150 articles generated.
- 05Operational efficiency improved as cost of sales decreased to PLN 377.9 million, contributing to a gross profit of PLN 852.2 million and an EBIT of PLN 469.0 million.
- 06The studio has scaled its internal development capacity to 411 staff members to support its long-term growth and portfolio expansion.
Summary
CD Projekt Group presents its FY 2024 earnings, outlining financial performance, operational milestones and a long‑term growth outlook for the studio and its portfolio. The report emphasizes the commercial impact of The Witcher 4, which captured 53 % of press coverage in the 72 hours after The Game Awards 2024, generating 2 150 articles and becoming the most discussed title among peers such as Elden Ring and Final Fantasy. Development capacity expanded to 411 staff, with 650 developers allocated across The Witcher 4, Orion, Sirius, Hadar, the Witcher Remake and several unannounced projects.
Revenue for the year fell 20 % year‑on‑year to PLN 1.23 billion, while cost of sales decreased to PLN 377.9 million, delivering a gross profit of PLN 852.2 million and EBIT of PLN 469.0 million. Net profit reached PLN 481.1 million, reflecting a net‑profit margin of roughly 39 % in 2023 and an expected rise to 47.7 % in 2024, with a target of 58.5 % by
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