The third quarter of 2023 was marked by preparations for the premiere of “The Phantom of Freedom” at CD Projekt. The major expansion to the flagship “Cyberpunk 2077” was the group’s most important project recently and probably had a strong impact on the Polish studio’s results not only in the third but also in the fourth quarter of this year.
CD Projekt recorded over PLN 440 million in revenue. The best third quarter ever
The revenues of the entire CD Projekt group in the third quarter reached PLN 443 million, and the net profit amounted to as much as PLN 203 million. This result is not only better than in the previous quarters, but also more than twice as high as in the same period of 2022. At the same time, this is the best third quarter in the history of CD Projekt. The company does not hide the fact that this is primarily the result of the premiere of “The Phantom of Freedom”, which was very warmly received by reviewers and players around the world.
In the period in question, we achieved very solid results, which is the result of the successful launch of The Phantom of Freedom and excellent sales of the base game Cyberpunk 2077. The net margin of the CD PROJEKT RED segment exceeded 50%. Also GOG.COM [serwis do cyfrowej dystrybucji gier – red.] has had a very strong quarter – revenues from this segment have increased by over 90% year-on-year. This is our best third quarter in the history of the CD PROJEKT Group
– explains Piotr Nielubowicz, Chief Financial Officer and member of the management board of CD Projekt.
“The Phantom of Freedom” itself – although it had its official premiere on September 26 this year (i.e. already in the last days of the third quarter) – helped a lot in achieving such a good result. This is due to the huge interest in the game in pre-sale and within the first few days of its release, which translated into a better result in the third quarter.
Millions of players bought “The Phantom of Liberty”
In total, within two months of the premiere (until November 26), CD Projekt sold over 4.3 million copies of “The Phantom of Freedom”. However, the addition will probably contribute to the group’s result also in the fourth quarter. Especially since the studio will start selling “Cyberpunk 2077: Ultimate Edition” on December 5, a collective edition containing the basic version of “Cyberpunk 2077” along with the 2.0 update and “The Phantom of Freedom”.
CD Projekt reminds in the announcement that it also operates outside the gaming area. This is about cooperation with Anonymous Content, thanks to which a film production based on the world of “Cyberpunk 2077” will be created.
As we announced, we want to develop our franchises also outside the video game area. Creating a live-action production in the Cyberpunk universe will be a project that will allow us to reach an even wider audience. We are glad that such an experienced and reputable partner as Anonymous Content will support us in achieving our ambitions
– said Michał Nowakowski, Chief Commercial Officer and member of the management board of CD Projekt.
Source: Gazeta
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