Cyberpunk maker CD Projekt's first-half net profit jumps 88% (updated)
28/08/2024 16:57
(Adds details on revenue, Polaris project from paragraph 3)
Aug 28 (Reuters) - Poland's biggest games developer CD
Projekt CDR.WA posted on Wednesday an 88% year-on-year jump in
its first-half net profit, driven by higher sales of its
flagship Cyberpunk game.
Net profit reached 170.0 million zlotys ($44.1 million),
compared with analysts' forecast of 163 million zlotys.
Revenue for the period rose 31% to 424.8 million zlotys.
Sales of "Cyberpunk 2077" together with its "Phantom Liberty"
expansion jumped about 81% to 257.7 million zlotys.
CD Projekt said it is gearing up to start the full-fledged
production phase of project Polaris, the first instalment in the
new Witcher saga.
"Work on Polaris is progressing – its development team is
nearing a major milestone which will mark the end of the
preproduction phase," joint CEO Michal Nowakowski said in a
statement.
"The first half of the year was also a busy period for our
Boston studio, which is laying the groundwork for Project Orion
– a new game set in the Cyberpunk universe", he added.
As of July 31, 410 developers were working on the new
Witcher saga under the codename Polaris.
($1 = 3.8583 zlotys)
(Reporting by Adrianna Ebert; Editing by Mark Potter and Jan
Harvey)
((Adrianna.Ebert@thomsonreuters.com; +48 58 769 65 88;))