Polish games firm CD Projekt has reported a 30.7 per cent increase in net sales year-on-year.
The firm brought in PLN424.8 million ($109 million) for the three months ending June 30th, while the company’s profit shot up 88.7 per cent to PLN 170 million ($43 million). This is no doubt due to sales of Cyberpunk 2077 and its Phantom Liberty expansion – the latter was not out in the same quarter in 2023.
CD Projekt joint CEO Michał Nowakowski also said that its new Witcher title – Polaris – is moving into production soon, while groundwork is being laid for its new Cyberpunk game, Orion.
“In addition to strong financial results, which – in terms of net profit – outperformed the comparative period by nearly 90 per cent – in H1 2024 we also noted an increase in our financial reserves. Despite having paid out almost 100 million PLN in a dividend, and allocating over PLN150 million ($38.9 million) to new projects, our reserves nevertheless grew by more than PLN55 million ($14.3 million),” CD Projekt CFO Piotr Nielubowicz (pictured) said.
