CD PROJEKT's Cyberpunk Success: Strong Revenues and Exciting Future Projects!

Channel:

Gaming Industry & Finance

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774

Published on April 1, 2024 9:03:10 PM ● Video Link: https://www.youtube.com/watch?v=qVMme_99VTQ

Game:

Cyberpunk 2077 (2020)

Duration: 37:35

285 views

12

#CDPROJEKT reported strong financial results for 2023, driven by the success of Cyberpunk 2077 and its Phantom Liberty expansion. Consolidated sales revenues exceeded 1.23 billion PLN (approximately $308 million USD), with a net profit of 481 million PLN (approximately $119 million USD), marking a significant improvement compared to the previous year. The company's net profitability in 2023 was 39%, making it the second-best year in its history.

The release of Update 2.0 and the Phantom Liberty expansion received enthusiastic responses from gamers and media alike, resulting in strong sales. With cumulative revenues from the Cyberpunk franchise exceeding 3 billion PLN (approximately $742 million USD), CD PROJEKT reaffirmed the strength of its intellectual property.

The company continues its dynamic development, with a new team in Boston working on a new game set in the Cyberpunk universe, known as Project Orion. Additionally, CD PROJEKT plans to expand its projects beyond video games, including a live-action project in collaboration with Anonymous Content production studio.

Despite significant investments in development and dividend payouts, the company's financial reserves grew to over 1.3 billion PLN (approximately $322 million USD) by the end of 2023, enabling it to focus on further development work. The Management Board recommended allocating nearly 100 million PLN (approximately $25 million USD) toward a dividend, reflecting confidence in the company's financial position and future prospects.

This looks indeed very promising in the months to come. Huge Monday Market Up?

(NO FINANCIAL ADVICE; INVESTED IN CDPROJEKT)

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