CD Projekt Red
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Published 1 month, 3 weeks ago

Games CD Projekt Red Published by J. Doe

CD PROJEKT looks back at the third quarter of 2021

In the third quarter of the year CD PROJEKT continued to work on updating Cyberpunk 2077 and developing the game’s next-gen version. The recent months also saw an expansion of the Group, now bolstered by two new entities.

– We are hard at work on the next-gen version of Cyberpunk, scheduled for release in the first quarter of 2022, alongside another major update for all platforms. In parallel, we carry on with the transformation of our studio, which is affecting more and more production teams – says Adam Kiciński, President and Joint CEO of the CD PROJEKT Group.

In the third quarter of 2021 the CD PROJEKT Group posted 144 million PLN in revenues – nearly 40% more than the year before. – This year-on-year reduction in net profit is mainly due to expenses related to updating Cyberpunk and exploratory work on new projects which are at an early stage of development, where the associated costs are reported directly in our P&L statement for the current period.

As announced in the first quarter of 2021 while introducing the Group’s strategy update, CD PROJEKT intensified its involvement in M&A activities.

Original article

Dec 01, 2021 at 11:20