The Witcher
Documents about The Witcher
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 Transcript
CD PROJEKT Group’s financial results for the third quarter of 2025 demonstrate strong growth, driven by the continued commercial success of the Cyberpunk franchise and strategic licensing agreements.
- CD PROJEKT Group reported Q3 2025 revenue of 350 million zloty, a 53% year-over-year increase, with net profit rising 150% to 193 million zloty.
- The company holds 1.4 billion zloty in cash and liquid assets, with over 1 billion zloty currently allocated to active development projects.
- The Witcher 4 is currently in full-scale production, while the next Cyberpunk title has entered the pre-production phase.
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 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.
CD PROJEKT Group H1 2025 Earnings Transcript
The CD PROJEKT Group’s H1 2025 earnings report outlines a period of strategic expansion, characterized by significant technological milestones and the diversification of its core franchises.
- CD PROJEKT Group reported H1 2025 net profit of 155 million PLN and sales revenue of 443 million PLN, a 4% increase year-over-year.
- The company maintains a strong liquidity position with 1.43 billion PLN in cash, deposits, and bonds as of June 2025.
- Development of the next Cyberpunk title (Cyberpunk 2) moved into pre-production in Q2 2025, while The Witcher 4 reached a technical demonstration milestone on Unreal Engine 5.
CD PROJEKT Group H1 2025 Earnings Presentation
The CD PROJEKT Group H1 2025 earnings presentation outlines the company’s financial performance and operational progress for the first half of the year.
- CD PROJEKT reported H1 2025 sales revenue of 443 million PLN, a 4% year-over-year increase, with a net profit of 155 million PLN and a 35% net profitability margin.
- Development expenditure is a primary focus, with 230.5 million PLN in new spending during H1 2025 and a 29% increase in capitalized development expenditures contributing to total assets of 3.19 billion PLN.
- The company is expanding the Cyberpunk 2077 franchise with upcoming releases for the Nintendo Switch 2 and Apple Silicon Mac models.
CD PROJEKT Q1 2025 Results
CD PROJEKT demonstrated sustained financial stability and strong intellectual property performance during the first quarter of 2025.
- CD PROJEKT reported Q1 2025 consolidated revenues of 226 million PLN and a net profit of 86 million PLN.
- The Cyberpunk 2077: Phantom Liberty expansion has surpassed 10 million units sold, while The Witcher 3: Wild Hunt has reached 60 million lifetime sales.
- The company is proposing a dividend payout of nearly 100 million PLN to shareholders despite investing 100 million PLN into future development projects.
CD PROJEKT Group Q1 2025 Earnings Conference Transcript
The CD PROJEKT Group’s first-quarter 2025 earnings report highlights a period of operational stability and strategic transition, characterized by the continued commercial success of established franchises and the advancement of new development projects.
- CD PROJEKT reported Q1 2025 revenue of 226 million PLN and a net profit of 86 million PLN, maintaining financial consistency with the same period in 2024.
- The company maintains a strong liquidity position with 1.49 billion PLN in cash, deposits, and bonds, supporting a proposed dividend of 1 PLN per share and a new share buy-back program.
- The Witcher 3: Wild Hunt has surpassed 60 million units sold, while the Cyberpunk 2077: Phantom Liberty expansion has reached 10 million copies sold in under two years.
CD PROJEKT Group: Q1 2025 Earnings Presentation
The CD PROJEKT Group’s Q1 2025 earnings presentation outlines the financial performance and operational status of the company as of May 28, 2025.
- CD PROJEKT reported a Q1 2025 net profit of 86 million PLN, representing a 14% year-over-year decrease and a 38% net profitability margin.
- The company maintains a strong financial position with 1.49 billion PLN in cash, bank deposits, and bonds, supporting a recommended dividend payout of 1 PLN per share.
- Development expenditure reached 785 million PLN by the end of Q1 2025 as the company shifts resources toward its next generation of titles.