CD PROJEKT Q3 2024 Earnings Results

Key insights

5 takeaways

01
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.
02
Project Polaris, the first title in the new Witcher trilogy, has officially entered full-scale production, marking the end of its pre-production phase.
03
Cyberpunk 2077 has reached 30 million units sold globally, while its Phantom Liberty expansion surpassed 8 million units sold within its first year.
04
The company plans to expand the Cyberpunk 2077 user base by launching the title on Apple Silicon-powered Mac devices in 2025.
05
The company maintains financial stability by leveraging consistent revenue from its established Cyberpunk 2077 and The Witcher 3 intellectual property portfolios.

Summary

CD PROJEKT maintained strong financial momentum during the third quarter of 2024, driven by the sustained commercial success of its established intellectual property portfolio. The company generated 228 million PLN in quarterly revenue, resulting in a consolidated net profit of 78 million PLN. These figures reflect the ongoing market demand for the Cyberpunk 2077 franchise and The Witcher 3, both of which continue to contribute significantly to the group’s bottom line as the company approaches the final, high-volume sales period of the year.

Sales data underscores the long-term viability of the Cyberpunk franchise, with the base game reaching 30 million copies sold since its release less than four years ago. The Phantom Liberty expansion has also demonstrated robust performance, surpassing 8 million units sold within its first year of availability. To further expand its reach, the company confirmed plans to bring the Cyberpunk 2077 experience to Mac devices powered by Apple Silicon chips in the coming year, signaling a strategic effort to capture new user segments.

Operational focus has shifted toward the next generation of development, as Project Polaris, the inaugural title in the new Witcher trilogy, has officially transitioned into full-scale production. This milestone marks the conclusion of the pre-production phase and initiates the most resource-intensive stage of the project’s development cycle. With cumulative net profits for 2024 nearing a quarter-billion PLN, the company remains in a stable position to support its current development pipeline while leveraging its existing catalog to maintain consistent revenue streams across global markets.