CD PROJEKT Financials Reveal The Witcher 4 in Production

CD PROJEKT Financials Reveal The Witcher 4 in Production
[Nov 26, 2024, 9:26 pm ET] – 18 Comments

CD PROJEKT Group's Q3 2024 Earnings are here to detail the latest financial ups and downs of the Polish video game developer and publisher. Along with the P&L, this includes word that Project Polaris, AKA The Witcher 4, has entered the production phase, and 400 developers are on the project as of the end of October. Other headlines include news that Cyberpunk 2077 has surpassed 30 million sales, its Phantom Liberty expansion has sold over eight million copies, and a Cyberpunk 2077 Ultimate Editions will come to macOS next year. The numbers are all presented in graphics and our CFO has already left for the day, so we'll crib a bit on the actual financials from Game Developer:

CDP made 227.5 million PLN (or $55.2 million) in sales revenue for the third quarter, down 49 percent from the 442.6 million PLN during 2023-2024's third quarter. Net profit also fell to 78.1 million PLN this quarter, a drop of 61.4 percent from the same timeframe last year.

Revenue for the first three quarters of 2024-2025 (January 1, 2024-September 30, 2024) was 652.3 million PLN, a 15 percent decline compared to last year's three-quarter figure (767.6 million PLN).

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