CD Projekt Red's Q1 2023 Financial Results Revealed

The developer has experienced a decrease in revenues of 19% compared to the previous year.

Besides revealing the sales numbers for The Witcher 3: Wild Hunt and The Witcher series as a whole, CD Projekt Red's latest earnings report has also provided an overview of the company's financial performance in the first quarter of 2023.

According to the report, CD Projekt Red experienced a 19% decrease in revenues compared to the previous year, totaling $41.4 million. However, there was a slight year-over-year increase in net profit, reaching $16.8 million during Q1 2023. As stated by CD Projekt CFO Piotr Nielubowicz, the largest contributors to the company's sales were Cyberpunk 2077 and the aforementioned The Witcher 3.

Furthermore, the report disclosed the results of CD Projekt Red's GOG division, which demonstrated an increase of total revenues by 3% to $9.84 million, as well as a significant year-over-year rise in net profit, reaching $59,000, representing a 63% increase.

You can download the report here. Also, don't forget to join our 80 Level Talent platform and our Telegram channel, follow us on Instagram and Twitter, where we share breakdowns, the latest news, awesome artworks, and more.

Join discussion

Comments 0

    You might also like

    We need your consent

    We use cookies on this website to make your browsing experience better. By using the site you agree to our use of cookies.Learn more