CD Projekt Red
Article about CD Projekt Red

Published 3 months, 4 weeks ago

Games CD Projekt Red Published by J. Doe

CD PROJEKT summarizes the beginning of 2021

In the first quarter of 2021 CD PROJEKT continued to work on improving Cyberpunk 2077. A major business highlight of the period was the announcement of an updated strategy, which charts the Group’s main goals and development directions for the coming years.

This is a long-term project, but we regard it as essential if we are to efficiently develop two large AAA projects in parallel – says Adam Kiciński, President and Joint CEO of the CD PROJEKT Group.

In the first three months of 2021 the CD PROJEKT Group posted 198 million PLN in revenues, mainly from sales of Cyberpunk 2077 and The Witcher 3: Wild Hunt. The Group’s consolidated net profit for the period was 32.5 million PLN.

– Lower than usual net profitability is mainly due to continuing depreciation of Cyberpunk 2077 development expenditures, work on updating the game, and R&D activities related to future projects.

Original article

Jun 01, 2021 at 10:20