Distilling the key insights…
The CD PROJEKT RED Group H1 2026 earnings presentation outlines a period of strong financial performance and strategic expansion for its two core intellectual properties, Cyberpunk and The Witcher. The company reports a net profit of 249 million PLN for the first half of 2026, representing a 37% increase compared to the same period in 2025. Total sales revenue reached 435 million PLN, a 23% year-over-year growth, bolstered significantly by a 911% surge in IP licensing revenue.
Key operational milestones include the continued commercial success of the Cyberpunk 2077 franchise, which has reached 40 million copies sold, alongside 15 million units for the Phantom Liberty expansion. The Witcher franchise maintains a robust market presence with 90 million total units sold across the series, including 65 million copies of The Witcher 3: Wild Hunt. The company is actively scaling its development capacity, with total headcount across all projects rising to 1,045 developers by July 2026, with the largest portion of the workforce dedicated to the next installment of The Witcher.
The strategic outlook emphasizes a consistent release cadence, with plans to launch a major Witcher-related title annually through 2028. Marketing efforts for upcoming projects, such as The Witcher: Songs of the Past, have already generated significant consumer interest, evidenced by high wishlist numbers and strong social media engagement during Gamescom 2026. The company maintains a solid financial foundation, with total assets increasing to 3.79 billion PLN as of June 30, 2026, and continues to invest heavily in long-term development projects while managing ongoing product maintenance and global licensing partnerships.