In 2022 CD PROJEKT focused on developing the Cyberpunk franchise and laying the groundwork for its future releases. Among the highlights of the period was the unveiling of long-term production plans, presented as part of the Group’s strategy update. In terms of finances, 2022 was the second best year in CD PROJEKT’s history.
In 2022 CD PROJEKT RED carried out intensive work on Cyberpunk 2077, which resulted in successive updates and the next-gen console edition of the game. An important event was the well-received Netflix premiere of Cyberpunk: Edgerunners. It attracted many new players to the game, and convinced many others to revisit Night City.
– The popularity of the series and the positive reception of the update, released a week before the premiere, had a notable effect on Cyberpunk sales and general sentiment around the game, as evidenced by gamers’ reviews. This is a clear sign that deeper involvement in our franchises and expanding their reach is the right way to go. Another important event supporting the Cyberpunk franchise will be the release of Phantom Liberty – a large expansion scheduled for this year – says Adam Kiciński, CEO of CD PROJEKT.
In October 2022 the Company published its strategy update, presenting an ambitious publishing plan for the coming years. It also announced work on setting up a new studio – CD PROJEKT RED North America, along with adding multiplayer elements to most of its future releases, and further expansion of its franchises, including in collaboration with trusted external partners.
Owing to strong performance of the back catalog, in terms of financial results 2022 proved the second best year in the CD PROJEKT Group’s history – despite the lack of fresh releases.
– Thanks to solid sales of Cyberpunk 2077 and The Witcher 3 our consolidated revenues reached 953 million PLN, with over 347 million PLN in net profit. A large portion of this profit – over 200 million PLN – was invested in our future development projects – says Piotr Nielubowicz, Vice President and CFO of CD PROJEKT.
The full financial statement of the CD PROJEKT Group can be found at https://www.cdprojekt.com/en/investors/result-center/.