CD Projekt Q1 2026 Earnings Results

Key insights

6 takeaways

01
CD Projekt reported Q1 2026 revenue of 191 million PLN, a 6% year-over-year increase, with consolidated net earnings of 106 million PLN.See it on page 1
02
The Cyberpunk Trading Card Game, developed with WeirdCo, raised 28 million USD on Kickstarter, becoming the most-funded game campaign in the platform's history.See it on page 1
03
The Witcher 3: Wild Hunt has reached 65 million cumulative units sold, with a third expansion titled 'Songs of the Past' currently in development with Fool's Theory for a 2027 release.See it on page 1
04
The company maintains a strong financial position with 1.4 billion PLN in cash reserves to fund multiple parallel development projects.See it on page 1
05
Revenue growth was supported by the integration of Cyberpunk 2077 and The Witcher 3: Wild Hunt into Xbox Game Pass Premium and Ultimate subscription services.See it on page 1
06
Technological lifecycle management remains a priority, evidenced by the recent optimization of Cyberpunk 2077 for the PlayStation 5 Pro.See it on page 1

Summary

CD PROJEKT’s first-quarter results for 2026 demonstrate sustained financial growth and a strategic focus on expanding its core intellectual properties. The company reported 191 million PLN in revenue, representing a 6% year-over-year increase, alongside 106 million PLN in consolidated net earnings. This performance was driven by consistent sales of Cyberpunk 2077 and The Witcher 3: Wild Hunt, bolstered by their integration into the Xbox Game Pass Premium and Ultimate subscription services. As of March 2026, the company maintains a robust financial position with 1.4 billion PLN in cash reserves, supporting ongoing investments in multiple parallel development projects.

A central development for the company is the announcement of Songs of the Past, the third expansion for The Witcher 3: Wild Hunt, which is currently in advanced development with Fool's Theory and scheduled for a 2027 release. This expansion arrives as the base game reaches a significant milestone of 65 million cumulative units sold. The company continues to leverage its existing library through technological updates, such as the recent optimization of Cyberpunk 2077 for the PlayStation 5 Pro, ensuring long-term engagement across current hardware cycles.

Beyond digital software, the company is successfully diversifying its franchise reach into tabletop gaming. The Cyberpunk Trading Card Game, developed in partnership with WeirdCo, achieved record-breaking success on Kickstarter, securing 28 million USD in funding. This result marks the project as the most-funded game campaign and the third most-funded project in the platform's history, signaling strong consumer demand for non-digital content within the Cyberpunk universe. These initiatives collectively reflect a strategy of maximizing franchise longevity while preparing for future major releases.