CD Projekt reports a big drop in profits in the first quarter

Sheriff Sayed
June 1, 2021 13:45 GMT

CD Projekt’s 2021 fiscal year got off to a bad start.

Cyberpunk 2077 And The Witcher Publishing CD Projekt have It was published [PDF] Revenue for the first quarter of 2021. Profit was down 64.7% to about $ 8.7 million, well below what analysts expected at $ 21.8 million.

View on youtube

This is the result of a 2% slump in revenue, mainly due to the company’s ongoing development to modify Cyberpunk 2077 to create DLC. CD Projekt did not reveal the copy number of Cyberpunk 2077 sold this quarter, but publishers say the game accounts for 60% of total sales over the period.

CD Projekt also noted that Cyberpunk 2077 continues to lose significant revenue as a result of its departure from the PlayStation Store. Most of the game’s revenue was generated digitally on the PC.

“Unless we return to the Sony store, the general situation will not change. One of our leading marketplaces is not available and we generate most of our sales on PC / digital channels,” said CD Projekt. I am.

Nonetheless, CD Projekt wants to increase Cyberpunk 2077 sales when game add-ons begin to arrive and the game returns to the PlayStation Store. Publishers are also looking forward to the next generation update to The Witcher 3: Wild Hunt to achieve a similar effect later this year.

CD Projekt continues to work on starting parallel AAA development in 2022.

It may contain links to online retailers. If you click to buy, you may receive a small fee. Please read our policy.