CD Projekt earned $124.7 million for the year. The Witcher 3 became the driver of revenue growth

Polish CD Projekt reported for the 2019 fiscal year. Its revenues and profits have grown by more than a third thanks to increased sales of The Witcher 3.

CD Projekt published its financial report on its official website yesterday. Let’s go through the numbers:

• the publisher’s revenue for the year was $124.7 million. This is 44% more than in fiscal year 2018;
• $101 million brought digital sales (increased by $20 million in annual terms), another $12 million — boxed copies (doubled in a year);
• the group’s profit amounted to $41.9 million, up 34% year-on-year;
• the market capitalization of CD Projekt as of March 31 amounted to $6.7 billion (before that, it managed to take the bar at $8 billion);
• The publisher spent a record $39.5 million on development in 2019. Most of the money went, in all likelihood, to the upcoming Cyberpunk 2077;
• GOG store earned $38.8 million during the period;
• financial success allowed to increase the staff of the publisher to 1111 people.

A significant rise in CD Project indicators occurred primarily due to increased sales of The Witcher 3.

The Witcher 3: Wild Hunt”The Witcher”

The past fiscal year was the second best year for The Witcher 3 in terms of copies sold. In 2019, 6 million copies of the game were sold (twice as many as in 2018). Its sales were higher only in the release year: in 2015, the game sold 9 million copies.

CD Projekt itself believes that the recent rise of The Witcher 3 was influenced by the release of the series from Netflix. Recall that immediately after the premiere, December sales of the game increased by 554% year-on-year. In addition, all the games of the “witcher series” recorded a record peak online.

As the publisher notes, The Witcher 3 diverged best on the desktop:

• In fiscal year 2019, PC accounted for 53% of all sales of the Witcher 3;
• on PS4 — 26%;
• on Nintendo Switch — 11% (the title appeared on this platform on October 15, sales of the port were called “excellent”);
• on Xbox One — 10%.

Separately, we note that 82% of the copies of The Witcher 3 sold over the year were digital. This is a huge percentage. In the first year, only a third of the title’s copies were sold in numbers.

Cyberpunk 2077Cyberpunk 2077

The band was optimistic about the upcoming release of Cyberpunk 2077. Despite the COVID-19 pandemic and the transition to remote work, the game should be released on time — September 17.

The publisher also noted that the initial transfer of Cyberpunk 2077 did not affect the annual reporting.

Also on the topic:

• Sales of “The Witcher 3″ after the release of the series on Netflix increased by 554% year-on-year”The Witcher 3” earned $50 million on Steam in a little more than a year.
• The store reduced his commissionCD Projekt became the third Polish company by capitalization
• Is there any news?

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