The Witcher 3

CD PROJEKT Group 2013 Financial Results

The CD PROJEKT Group experienced a transitional fiscal year in 2013, characterized by a strategic pivot toward long-term development goals despite immediate financial contraction.

• CD PROJEKT Group experienced a financial contraction in 2013, with total sales revenue falling 13% to 142.2 million and net profit declining by 47%.
• The digital distribution arm, GOG Ltd., served as a critical stabilizer, achieving a 36% increase in sales and an 80% expansion in its user base.
• Management postponed the release of The Witcher 3: Wild Hunt to February 2015 to prioritize product quality and align with a larger next-generation console install base.

CD PROJEKT Group Financial Results: H1 2013

The CD PROJEKT Group’s financial results for the first half of 2013 reflect a transitional period characterized by a shift in revenue composition following the prior year’s release of The Witcher 2: Enhanced Edition.

• CD PROJEKT Group reported H1 2013 total sales revenue of 63.06 million PLN and a net profit of 7.71 million PLN, representing a decline from the 71.44 million PLN revenue and 13.81 million PLN profit recorded in H1 2012.
• The digital distribution segment, led by GOG.com, achieved a twofold increase in sales revenue compared to the first half of 2012, reflecting a successful shift toward digital market trends.
• The game development segment shifted focus toward production for future titles, specifically The Witcher 3: Wild Hunt and Cyberpunk 2077, alongside the initiation of two smaller high-quality projects.

Summary Operation Management Report of the CD Projekt Capital Group: H1 2013

The CD Projekt Capital Group’s operation management report for the first half of 2013 details the company’s financial performance, strategic developments, and promotional milestones.

• CD Projekt Capital Group reported H1 2013 consolidated revenue of 63,058 thousand PLN and a net profit of 7,711 thousand PLN.
• The global digital distribution segment (GOG.com) served as the primary profit driver, generating 6,349 thousand PLN in net profit, while the Polish distribution and publishing segment recorded a net loss of 1,081 thousand PLN.
• The company significantly improved its balance sheet by reducing outstanding credit and loan liabilities by 93% to 309 thousand PLN, while maintaining over 27 million PLN in cash and financial assets.

CD PROJEKT Capital Group Financial Result: Q1 2013

The CD PROJEKT Capital Group’s financial results for the first quarter of 2013 demonstrate significant growth across its core business segments: videogame development, global digital distribution, and domestic distribution.

CD Projekt Capital Group Operation Management Report 2012

The 2012 Operation Management Report for the CD Projekt Capital Group details a year of significant commercial growth and strategic expansion, driven primarily by the successful release of The Witcher 2: Assassins of Kings Enhanced Edition.

• CD Projekt Capital Group achieved a consolidated revenue of 164,040 thousand PLN and a net profit of 28,125 thousand PLN in 2012.
• The Witcher franchise served as the primary revenue driver, moving 1,587,000 units during the 2012 fiscal year.
• The company significantly improved its balance sheet by reducing outstanding loans and credit liabilities by 65% compared to the previous year.

Consolidated Financial Statement of the CD PROJEKT Capital Group for the Financial Year 2012

The 2012 consolidated financial statement for the CD PROJEKT Capital Group demonstrates a period of robust financial growth and strategic consolidation for the Warsaw-based organization.

• CD PROJEKT Group reported 164.04 million PLN in sales revenue for 2012, an increase from 136.21 million PLN in 2011, with a net profit of 28.13 million PLN.
• The company significantly improved its liquidity by reducing total credits and loans from 13.40 million PLN in 2011 to 4.75 million PLN in 2012.
• Major partnerships with Empik Sp. z o.o. and Warner Bros Home Entertainment Inc. were critical to the group's success, with each entity accounting for over 10% of total consolidated sales.

CD PROJEKT Group: 2012 in Retrospect and Business Strategy Update

CD PROJEKT Group demonstrated robust financial health during the 2012 fiscal year, recording a 20 percent increase in sales revenue to 164.04 million PLN alongside a net profit of 28.13 million PLN.

• CD PROJEKT Group reported 164.04 million PLN in sales revenue for 2012, representing a 20 percent year-over-year increase, alongside a net profit of 28.13 million PLN.
• The company transitioned to a dual-project development model to simultaneously produce two AAA titles: The Witcher 3: Wild Hunt and Cyberpunk 2077.
• The business strategy relies on the proprietary REDengine 3 technology to develop high-fidelity, open-world RPGs optimized for next-generation hardware.