Thursday, May 26, 2022
Polish studio CD Projekt RED has today shared a look at some its financial results for 2022, as well as taking a look back at what the developer has achieved so far this year, and what it has in store for the future. In the update, CD Projekt notes that perceptions of Cyberpunk 2077 have shifted since the release of Patch 1.5, which in turn has boosted the game's sales figures.
“The next-gen version of Cyberpunk, released together with a major update – that is, Patch 1.5 – had a positive effect on the game’s perception and sales figures, particularly on consoles,” said CEO Adam Kiciński. “We continue to improve Cyberpunk, although the team assigned to this task has now shrunk considerably. The bulk of our development capacity is currently dedicated to the major story-driven expansion for the game, which we plan to launch next year.”
Kiciński goes on to confirm that CD Projekt RED's future titles will be developed using Unreal Engine 5, thanks to a “long-term strategic partnership” with Epic Games, which includes the next entry in The Witcher saga. “We are very eager to revisit the universe which has shaped our history to such an extent,” Kiciński adds. “We have recently concluded the research phase for the first game in the new Witcher saga, which means that from now on further development expenditures will be capitalised on our balance sheet.”
According to the financial results, meanwhile, CD Projekt Group posted first-quarter revenues of 216 million PLN (approximately USD$50.3 million/GBP£40 million), with consolidated net profits for Q1 2022 totalling 69 million PLN (USD$16 million/GBP£12.8 million) - more than double that of Q1 2021.
“The bulk of Q1 revenues come from Cyberpunk 2077, which, owing to its next-gen console release, enjoyed a strong quarter in terms of sales,” said CD Projekt Vice President and CFO Piotr Nielubowicz. “Our balance of cash, deposits and T-bonds increased by over 107 million PLN in the first three months of 2022.”
The studio reiterated that the Cyberpunk: Edgerunners Netflix anime series is still targeting a 2022 release, as is the delayed The Witcher 3: Wild Hunt Complete Edition for Xbox Series X|S and PlayStation 5, which is on for a Q4 2022 release. A major story-driven expansion for Cyberpunk 2077 is also in the pipeline for 2023, exploring new parts of Night City.
Thursday, May 26, 2022 @ 01:22 PM
Friday, May 27, 2022 @ 07:39 AM