CD Projekt Announced Its Fnancial Results For The First Quarter

Cyberpunk 2077 developer revealed financial results for the first quarter of the fiscal year (January 1 – March 31, 2021).

The presentation describes the roadmap of updates for Cyberpunk 2077 to become a long-term success. The report also features an interesting graph showing the crashes detected by the developer’s metrics on a timeline of the patches.

As for the money part, revenue was up 2% year-on-year, while net profit was down 65%. 

“The Group’s aggregate Sales revenues in the first quarter of 2021 were 197 632 thousand PLN, which is slightly more than in the record-breaking first quarter of the past year," said chief financial officer Piotr Nielubowicz. "In 2020 the sales figures posted by the Group benefitted from lockdowns and stay-at-home restrictions introduced during that time in various countries due to the spread of the COVID-19 pandemic, increased recognition of The Witcher universe in the wake of the December 2019 premiere of The Witcher TV series, as well as revenues generated from sales of The Witcher 3: Wild Hunt for Nintendo Switch, also released in late 2019."

The report notes they think the lower net profitability is connected to the money they continue spending to improve Cyberpunk 2077. They also invested in R&D activities related to future projects.

You can find the full report here. Don't forget to join our new Telegram channel, our Discord, follow us on Instagram and Twitter, where we are sharing breakdowns, the latest news, awesome artworks, and more.

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