- 01
CD Projekt Group reported Q1 2023 revenue of 174.8 million PLN, a 19% year-over-year decline driven by a 25% drop in product sales for legacy titles.
- 02
Net profit remained stable at 69.7 million PLN, a 1% increase over Q1 2022, largely due to a 41% reduction in operating costs.
- 03
The company maintains a strong liquidity position with over 1.1 billion PLN held in cash, bank deposits, and T-bonds.
- 04
Development expenditures increased by 15% during the quarter as the company shifts resources toward new projects like Polaris and Project Sirius.
- 05
The Group recorded an 18.8 million PLN impairment adjustment related to Project Sirius during the first quarter of 2023.
- 06
The mobile title The Witcher: Monster Slayer was moved to 'Other projects' in anticipation of its phase-out in June 2023.