CD Projekt Earning Results For the Quarter Released; Overall Profit of 9.1 Million Dollars

on November 10, 2016 6:18 PM

Today, CD Projekt Red announced its earnings results for the quarter that ended on September 30th.

Overall revenue and profits fell compared to the same time last year, but the developer is still in great shape. Here’s everything salient revealed:

  • Revenue for the period was 100.9 million PLN ($25.1 million), which is decline from the 113.1 million PLN ($28.14 million) that was posted during the same period last year.
  • Overall profit for the period was  36.6 million PLN ($9.1 million), a decline of roughly 9 percent from the  40.4 million PLN ($10.05 million) the developer posted last across the same period.
  • CD Projekt Red’s GOG service saw a rise in revenue: garnering 23.54 million PLN ($5.85 million) compared to 20.96 million PLN ($5.2 million) it posted during the same time last year.  Further, profit was 298,000 PLN ($74,000), compared to 1.7 million PLN ($423,000) of last year.
  • The report also revealed that development spending has increased — naturally — due to Cyberpunk 2077 and Gwent.

According to CD Projekt Red, The Witcher 3 and its expansions — Hearts of Stone and Blood and Wine — saw “excellent sales,” though no specifics on exact sales numbers were divulged.

CD Projekt’s CFO Piotr Nielubowicz added that despite the game being out for a year and half it continues to attract new fans, and that with the recently released Witcher 3 Game of the Year Edition the company only expects sales to improve through the holiday season.

And that’s it folks. See you next at the next earning’s report.

 

 /  Assignments Editor & News Editor
Tyler Fischer is the Assignments Editor and News Editor at DualShockers. He specializes in writing breaking news, managing assignments, and organization. Born and raised in New York, Tyler studies journalism and public relations at SUNY New Paltz. In his free time he enjoys playing and watching soccer, getting lost in game lore, and writing comedy scripts.