The income and profit of the creators of "The Witcher" in 2017 fell by 20%
CD Projekt Red reported a decrease in financial indicators in 2017. The Polish company earned 20.7% less, and its profit before taxes decreased by 18%. This is stated in the CD Projekt Red report for 2017.
Financial results of CD Projekt Red in 2017:
- company revenues: €109.1 million euros (€133 million in 2016);
- profit before taxes: €58 million (€71.2 million in 2016).
The decline in revenues and profits is due to the lack of releases comparable in scale to The Blood and Wine supplement for The Witcher 3 role-playing game and the release of the full edition of The Witcher 3: Game of the Year Edition, which were released in 2016.
CD Projekt Red has also increased advertising costs in connection with the launch of the new title Gwent: The Witcher Card Game, which was released on May 24, 2017.
Finally, the company has increased project development costs by 56% — mainly, we are talking about the free-play card game Gwent: The Witcher Card Game and the new CD Projekt Red franchise — the Cyberpunk 2077 role-playing game.
The company spent €33.7 million on the development of these titles last year, which is €19 million more than in 2016.
Historical GOG Revenues
Along with the general decline in indicators, the GOG game store. com earned €40.1 million in 2017. This is 27% higher than a year earlier and the highest figure in 10 years of the platform’s existence.
As CD Projekt Red reported, Gwent became the main source of GOG’s income: The Witcher Card Game, which generated most of the revenue through microtransactions.
In addition to Gwent, Witcher series games sold well on GOG.
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