CD Projekt Financial Report: $97 million for six months and no transfers Cyberpunk 2077

Polish CD Projekt has prepared a report for the first half of 2020. The company increased revenue by 69% thanks to sales of The Witcher 3 on the Nintendo Switch, GWENT on iOS and demand for Cyberpunk 2077 merch. The release of the latest title is still planned for November.

CD Projekt shared the report on the company’s website. Let’s reveal the main thing:

• the publisher’s revenue from the beginning of January to the end of June 2020 amounted to zł364 million ($97 million). This is 69.2% more than in the same period of 2019;
• net profit also increased and reached the level of zł146 million ($39 million), which is 184.8% more than a year earlier;
• CD Projekt identifies four internal reasons that influenced financial growth: The Witcher 3, released at the end of 2019 on Switch, the release of GWENT on iOS, Android and Steam, the release of Thronebreaker: The Witcher Tales on new platforms and the sale of goods on Cyberpunk 2077;
• Among the external reasons that have affected the company’s growth are: increased interest in The Witcher universe after the release of the series of the same name on Netflix, overall sales growth in the gaming industry against the background of the COVID-19 pandemic and the fall of the Polish zloty against the dollar and euro;
• The GOG gaming platform brought in a third of the publisher’s total revenue – zł109.79 million ($29.2 million). As in the previous year, the majority of sales in GOG were in the USA (34%), Germany is second (13%), and Poland is third (6%). Russian players account for 4% of sales.

• the publisher’s share price has been steadily going up this half-year, reaching 41% growth. At the close of trading on June 30, 2020, one share of CD Projekt was being sold at a price of zł394.9 ($105.3). By the way, today’s share price is already zł423.00 ($112.79);

• In March 2020, the Polish business publication Puls Biznesu named CD Projekt public company of the year for the fifth time in a row;
• The company’s market capitalization reached zł38 billion ($10.13 billion) at the end of June;
• CD Projekt is not going to make any major releases until the end of the third quarter of 2020. At the same time, she notes that the iOS version of Thronebreaker: The Witcher Tales debuted in July;
• The release of Cyberpunk 2077 and the final phase of the title’s marketing campaign are still scheduled for the fourth quarter of 2020.

Also on the topic:

• CD Projekt earned $124.7 million for the year. The Witcher 3 became the driver of revenue growthThe Polish gaming market was estimated at almost €500 million.
• Over the year, the indicators have increased by a thirdIn Poland, This War of Mine was included in the school list for extracurricular reading
• Is there any news?