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CD Projekt H1 profit jumps 37%, beats estimates

CD Projekt H1 profit jumps 37%, beats estimates

- Poland's biggest game developer CD Projekt RED CDR.WA on Wednesday reported a 37% rise in half-year net profit compared with the previous year thanks to strong sales of games.


  • Net profit was 249.1 million zlotys ($66.70 million) beating analysts' expectations of 201 million zlotys seen in Reuters poll.

  • Revenue for the period rose 23% to 435.3 million zlotys.

  • Company will release remaster of its blockbuster "The Witcher 3" on September 29.

  • "The Witcher 4" targets 2028 release window.

  • "This year a significant contribution (to revenue) came from licensing our IP – an activity which is progressively becoming more important for us, and which reflects the recognition and status of our brands within the global popular culture," CFO Piotr Nielubowicz said.

($1 = 3.7348 zlotys)


(Reporting by Adrianna Ebert; Editing by Matt Scuffham)

((Adrianna.Ebert@thomsonreuters.com; +48 58 769 65 88;))

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