Cyberpunk 2077
GameBy CD Projekt RED · Released Dec 10, 2020
Documents about Cyberpunk 2077
CD PROJEKT Q3 2024 Earnings Results
CD PROJEKT maintained strong financial momentum during the third quarter of 2024, driven by the sustained commercial success of its established intellectual property portfolio.
- 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.
- Project Polaris, the first title in the new Witcher trilogy, has officially entered full-scale production, marking the end of its pre-production phase.
- Cyberpunk 2077 has reached 30 million units sold globally, while its Phantom Liberty expansion surpassed 8 million units sold within its first year.
CD PROJEKT Group Q3 2024 Financial Results
CD PROJEKT Group’s third-quarter 2024 financial results reflect a period of transition characterized by the conclusion of pre-production for its flagship project, Project Polaris, and a focus on long-term development scaling.
- CD PROJEKT Group reported Q3 2024 revenue of 228 million zloty and a net profit of 78 million zloty, marking a 12% profit increase over the previous quarter.
- Project Polaris has officially transitioned from pre-production to the intensive production phase, with 400 developers currently assigned to the project.
- The company maintains a strong liquidity position with 1.4 billion zloty in total cash, deposits, and bonds as of the end of September 2024.
Condensed Interim Consolidated Financial Statement of the CD PROJEKT Group for Q3 2024
The CD PROJEKT Group’s financial results for the first nine months of 2024 reflect a period of transition characterized by a year-over-year decline in net profit and revenue.
- CD PROJEKT reported a Q3 2024 net profit of 78.1 million PLN, a decline driven by the lack of a major product launch comparable to the previous year's Phantom Liberty expansion.
- The company maintains a strong financial position with 2.76 billion PLN in total assets and 1.4 billion PLN in liquid reserves, including cash, bank deposits, and government bonds.
- Digital distribution remains the primary revenue driver, accounting for over 95% of total sales, with North America serving as the dominant market at approximately 74% of revenue.
CD Projekt Group Q3 2023 Earnings Release
The CD Projekt Group Q3 2023 earnings release details the financial and operational performance of the company, centered on the successful launch of the Cyberpunk 2077: Phantom Liberty expansion.
- CD Projekt Group reported Q3 2023 revenue of 442.7 million PLN, an 80% year-over-year increase, and a net profit of 202.9 million PLN, a 105% increase.
- The 'Phantom Liberty' expansion for Cyberpunk 2077 sold 4.3 million copies, achieving a 20% attachment rate among existing owners of the base game.
- Community sentiment for Cyberpunk 2077 improved significantly, with 92% of Steam reviews in the final 30 days of the reporting period being positive.
CD Projekt Group H1 2023 Earnings
The CD Projekt Group H1 2023 earnings summary outlines the company’s financial performance and strategic development progress for the first half of the year.
- CD Projekt Group reported a net profit of 91.27 million PLN for H1 2023, representing a 20% decline compared to the same period in 2022.
- Sales revenue for the first half of 2023 reached 325.21 million PLN, marking a 14% year-over-year decrease.
- As of June 30, 2023, the company held 466.46 million PLN in cash and bank deposits, following a 160.35 million PLN reduction during the period.
Management Board Report on the Activities of the CD PROJEKT Group: H1 2024
The CD PROJEKT Group demonstrated robust financial health and operational stability during the first half of 2024, characterized by an 88.4% increase in net profit to PLN 170 million.
- CD PROJEKT Group reported a net profit of PLN 170 million in H1 2024, representing an 88.4% increase compared to the previous period.
- The company maintains a strong financial position with a debt-free balance sheet and liquid assets totaling PLN 1.37 billion.
- Growth was driven by the sustained performance of the Cyberpunk 2077 franchise, including the Phantom Liberty expansion, and The Witcher 3: Wild Hunt, with 96.8% of revenue coming from international exports.
CD PROJEKT Group Condensed Interim Consolidated Financial Statement: H1 2024
The CD PROJEKT Group demonstrated robust financial health during the first half of 2024, characterized by significant growth in both revenue and profitability.
- CD PROJEKT Group reported a net profit of 170.0 million PLN for H1 2024, nearly doubling the 90.2 million PLN profit recorded in the same period of 2023.
- Net sales for the first half of 2024 reached 424.8 million PLN, a significant increase from the 325.2 million PLN reported in H1 2023.
- Digital distribution accounts for nearly 90% of total sales, with North America serving as the primary market, representing 70% of total revenue.
CD PROJEKT Q1 2024 Earnings Release
CD PROJEKT demonstrated strong financial performance and operational stability during the first quarter of 2024, driven primarily by the sustained commercial success of the Cyberpunk 2077 franchise.
- CD PROJEKT reported Q1 2024 consolidated revenues of 227 million PLN and a net profit of 100 million PLN.
- Net profitability increased by 44% compared to the same period in 2023, supported by 181 million PLN in operating cash flows.
- Cyberpunk 2077 achieved an 'overwhelmingly positive' rating on Steam in May 2024, with at least 95% of user reviews being favorable.
CD PROJEKT Group Q1 2024 Earnings Results
CD PROJEKT Group’s financial results for the first quarter of 2024 demonstrate a period of transition, characterized by the successful conclusion of post-release support for Cyberpunk 2077 and a strategic pivot toward new development projects.
- CD PROJEKT Group reported Q1 2024 revenue of 227 million PLN and a net profit of 100 million PLN, marking year-over-year growth of 30% and 44% respectively.
- The company maintains a strong financial position with 1.45 billion PLN in cash, deposits, and bonds as of March 2024.
- Development focus has officially shifted from Cyberpunk 2077 support to full production of the next Witcher game, Polaris, utilizing Unreal Engine 5.
Condensed Interim Consolidated Financial Statement of the CD PROJEKT Group for Q1 2024
The CD PROJEKT Group’s financial results for the first quarter of 2024 demonstrate robust growth and a strengthened market position.
- CD PROJEKT Group reported a Q1 2024 consolidated net profit of 100.1 million PLN, marking a 44.2% increase compared to the same period in 2023.
- Total sales revenue for Q1 2024 reached 226.8 million PLN, fueled by the continued commercial performance of Cyberpunk 2077, its Phantom Liberty expansion, and GOG.COM.
- The company holds a strong liquidity position with total financial assets—including cash, bank deposits, and Treasury bonds—rising to approximately 1.59 billion PLN.
CD Projekt Looks Back at 2023
CD PROJEKT achieved its second-best financial performance in company history during 2023, driven primarily by the successful release of the Phantom Liberty expansion and the 2.0 update for Cyberpunk 2077.
- CD Projekt achieved its second-best financial performance in history in 2023, with consolidated sales revenues of 1,230 million PLN (a 29% increase) and a net profit of 481 million PLN (a 39% increase).
- The Cyberpunk franchise generated over 3 billion PLN in cumulative revenue over the last three years, bolstered significantly by the Phantom Liberty expansion and the 2.0 update.
- The company maintains a strong fiscal position with over 1.3 billion PLN in cash reserves, bank deposits, and T-bonds, leading to a proposed dividend payout of 1 PLN per share.
CD PROJEKT Group FY 2023 Earnings Results
CD PROJEKT Group’s 2023 fiscal year was defined by the successful launch of the Cyberpunk 2077: Phantom Liberty expansion, which acted as a catalyst for the company’s second-best financial performance in its history.
- CD PROJEKT Group achieved its second-best financial performance in history in 2023, with consolidated revenue reaching 1.23 billion PLN (a 30% increase) and net profit hitting 481 million PLN (a 39% increase).
- The company ended 2023 with a strong liquidity position of 1.3 billion PLN in cash, deposits, and treasury bonds, leading to a proposed 100 million PLN dividend for shareholders.
- Project Polaris, the next entry in The Witcher franchise, is the company's most advanced project with over 400 developers and is scheduled to enter full production in the second half of 2024.
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