Cyberpunk 2
Game
14 documents in the library are about Cyberpunk 2, from writers such as CD Projekt and Naavik. Each has a summary and key insights with the page they come from.
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Key figures from the reports
The company maintains a debt-free capital structure with 1.28 billion PLN in liquid reserves, providing full self-funding capabilities for the development of The Witcher 4 and Cyberpunk 2.
CD Projekt, 2026 · Management Board Report on the Activities of the CD PROJEKT RED Group: H1 2026, p. 26
Cash and cash equivalents decreased by 84.1 million PLN during Q1 2026 due to aggressive capital expenditure on major upcoming titles, specifically The Witcher 4 and Cyberpunk 2.
CD Projekt, 2026 · Condensed Interim Consolidated Financial Statements of the CD PROJEKT Group for Q1 2026, p. 16
The company invested 513 million PLN into future projects in 2025, specifically targeting the development of The Witcher 4, Cyberpunk 2, and a new proprietary IP codenamed Hadar.
CD Projekt, 2026 · CD PROJEKT Group FY 2025 Earnings Results, p. 2
Despite heavy R&D investment in The Witcher 4 and Cyberpunk 2, the company successfully funded a 99.9 million PLN dividend payout and a share buyback program.
CD Projekt, 2025 · CD PROJEKT Group Condensed Interim Consolidated Financial Statements: Q3 2025, p. 7
Development expenditures rose by 29.1% as the company prioritized the pre-production of Cyberpunk 2 and the ongoing development of The Witcher 4.
CD Projekt, 2025 · Management Board Report on the Activities of the CD PROJEKT Group: H1 2025, p. 23
Documents about Cyberpunk 2
CD Projekt’s Best Days May Be Ahead
CD Projekt is currently transitioning toward a more sustainable, multi-project development model, positioning the company for potential long-term growth.
- CD Projekt reported strong financial stability in H1 2026 with PLN 435M ($120M) in revenue and a net profit of PLN 249M ($68M), achieving a 57% net margin without a new major release.
- The company is transitioning its development pipeline from the proprietary REDengine to Unreal Engine 5 to improve cross-team collaboration, tool sharing, and long-term production efficiency.
- CD Projekt is scaling its North American presence with a growing, multi-site team across Boston and Vancouver to support the pre-production of Cyberpunk 2 alongside the full production of The Witcher 4.
Earnings Call: First Half 2026
CD PROJEKT RED’s first-half 2026 earnings report highlights a period of strong financial performance and strategic expansion across its two core franchises, Cyberpunk and The Witcher.
- CD PROJEKT RED reported strong H1 2026 financial growth, with revenue reaching 435 million zloty (up 23% YoY) and net profit hitting 250 million zloty (up 37% YoY).
- The company’s core franchises continue to drive long-term sales, with Cyberpunk 2077 surpassing 40 million units and The Witcher 3: Wild Hunt exceeding 65 million units sold.
- The development pipeline is set for the next three years, featuring The Witcher 3: Remastered in September 2026, the 'Songs of the Past' expansion in 2027, and The Witcher 4 in 2028.
Management Board Report on the Activities of the CD PROJEKT RED Group: H1 2026
The CD PROJEKT RED Group demonstrated robust financial health and operational momentum during the first half of 2026, characterized by a net profit of 249.1 million PLN, marking a 37.8% increase over the previous year.
- CD PROJEKT RED Group reported a net profit of 249.1 million PLN for H1 2026, representing a 37.8% year-over-year increase on 435 million PLN in consolidated sales revenue.
- The company maintains a debt-free capital structure with 1.28 billion PLN in liquid reserves, providing full self-funding capabilities for the development of The Witcher 4 and Cyberpunk 2.
- The Witcher 3 has reached a milestone of 65 million cumulative copies sold, while the Cyberpunk franchise continues to generate revenue through a new trading card game and a PS5 Pro edition.
Condensed Interim Consolidated Financial Statements of the CD PROJEKT Group for Q1 2026
The CD PROJEKT Group’s financial performance for the first quarter of 2026 reflects a strategic transition toward long-term development, characterized by robust revenue generation and significant capital reinvestment.
- CD PROJEKT Group reported Q1 2026 net sales of 191.1 million PLN and a net profit of 106.2 million PLN, driven by the continued performance of the Cyberpunk and The Witcher franchises.
- The company has set a consolidated net profit target of 5 billion PLN for the 2026–2029 period, supported by an expanded development pipeline.
- Cash and cash equivalents decreased by 84.1 million PLN during Q1 2026 due to aggressive capital expenditure on major upcoming titles, specifically The Witcher 4 and Cyberpunk 2.
CD PROJEKT Group Earnings Chat: 20 March 2026
The CD PROJEKT Group earnings chat held on March 20, 2026, served as a platform for management to address investor inquiries following the release of the company’s 2025 financial results.
- CD PROJEKT holds 1.3 billion PLN in cash and deposits with a 60% profit margin, while needing 527 million PLN in net earnings over the next four quarters to meet incentive program targets.
- The development pipeline includes eight capitalized projects: The Witcher 4, Cyberpunk 2, Sirius, Cyberpunk: Edgerunners 2, three unannounced games, and one unannounced non-gaming project.
- The 'Hadar' project is being developed as the company's third major intellectual property, with internal team size projected to reach 40–50 personnel by the end of 2026.
CD PROJEKT Group FY 2025 Earnings Results
The CD PROJEKT Group achieved strong financial results in 2025, recording 867 million PLN in sales revenue and a consolidated net profit of 595 million PLN.
- CD PROJEKT Group recorded 867 million PLN in sales revenue and 595 million PLN in net profit for 2025, marking its second-best financial year with a 9% year-on-year revenue growth.
- The company maintains a strong liquidity position of over 1.3 billion PLN in cash, bank deposits, and treasury bonds, supporting ongoing development despite aggressive capital allocation.
- CD PROJEKT RED’s net earnings from continuing activities grew by 18% to 521 million PLN, driven by the sustained performance of The Witcher and Cyberpunk 2077 franchises.
Management Board Report on CD PROJEKT Group Activities in 2025
The 2025 Management Board Report details a pivotal year for the CD PROJEKT Group, characterized by a strategic narrowing of focus toward its core AAA development operations.
- CD PROJEKT Group divested its GOG.com segment in 2025 to focus exclusively on its internal AAA development pipeline, including the new Witcher saga, Cyberpunk 2, and the Hadar IP.
- The company reported a net profit of PLN 594.7 million for 2025 and ended the year debt-free with cash reserves exceeding PLN 1.3 billion.
- Strong operating cash flows from The Witcher 3 and Cyberpunk 2077 enabled the company to internally fund its R&D-heavy development cycle and distribute dividends.
CD PROJEKT Group Q3 2025 Earnings Presentation
The CD PROJEKT Group Q3 2025 earnings presentation details the company’s financial performance and operational scaling, primarily driven by the ongoing development of its major intellectual properties.
- CD PROJEKT Group reported a 148% year-over-year increase in Q3 2025 net profit to 193.5 million PLN, driven by 349 million PLN in total quarterly revenue.
- Cyberpunk 2077 and its expansion remain the primary revenue drivers, generating 252.7 million PLN in Q3 2025, while revenue from The Witcher series declined by 52% compared to the previous year.
- The company has invested over 1 billion PLN in capitalized development expenditures for new projects as of the end of Q3 2025.
CD PROJEKT Group Condensed Interim Consolidated Financial Statements: Q3 2025
The CD PROJEKT Group demonstrated robust financial growth during the first nine months of 2025, characterized by a significant increase in profitability and a strengthened balance sheet.
- CD PROJEKT Group reported a net profit of 348.4 million PLN for the first nine months of 2025, a significant increase from the 248.2 million PLN recorded during the same period in 2024.
- Total sales revenue for the nine-month period reached 792.1 million PLN, driven primarily by the continued commercial performance of the Cyberpunk 2077 franchise and the GOG.COM segment.
- The Group maintains a strong liquidity position with 1.51 billion PLN in cash, deposits, and Treasury bonds, against total assets of approximately 3.3 billion PLN.
Management Board Report on the Activities of the CD PROJEKT Group: H1 2025
The CD PROJEKT Group maintained a robust financial and operational position during the first half of 2025, characterized by a strategic focus on its core intellectual properties, The Witcher and Cyberpunk.
- CD PROJEKT generated 443 million PLN in consolidated sales revenue and 155 million PLN in net profit during H1 2025, maintaining a debt-free balance sheet with 90.1% equity.
- Net profit declined 7.7% year-over-year, primarily driven by tax adjustments and increased promotional spending for the Nintendo Switch 2 release of Cyberpunk 2077.
- Development expenditures rose by 29.1% as the company prioritized the pre-production of Cyberpunk 2 and the ongoing development of The Witcher 4.
CD PROJEKT Group H1 2025 Earnings: Chat Session with Individual Investors
The CD PROJEKT Group H1 2025 investor chat served as a forum for management to address financial performance, project development, and strategic direction.
- CD PROJEKT is maintaining its strategic focus on large-scale, story-driven AAA open-world titles, rejecting a pivot toward smaller AA projects.
- The company is managing a pipeline of nine active projects, including Project Sirius, a multiplayer title built on Unreal Engine 5 with a dedicated team of 51 developers.
- Development of the Cyberpunk 2 project is scaling up, with management targeting a headcount of 150–160 staff by the end of 2025.
CD Projekt H1 2025 Earnings Report
CD PROJEKT demonstrated sustained financial stability and strategic expansion during the first half of 2025, reporting consolidated revenues of 443 million PLN and a net profit of 155 million PLN.
- CD Projekt reported H1 2025 consolidated revenues of 443 million PLN and a net profit of 155 million PLN, driven by the Cyberpunk 2077 franchise.
- The company invested over 240 million PLN in development expenditures during H1 2025, marking the transition of the Cyberpunk 2 project into preproduction.
- The Witcher 3: Wild Hunt surpassed 60 million units sold, while the Phantom Liberty expansion reached 10 million units sold.