The third quarter of 2023 at CD PROJEKT was marked by preparations for the release of Phantom Liberty. The large expansion for Cyberpunk 2077 was launched on September 26 to rave reviews from gamers and gaming media representatives alike. Within two months of release the newest production from CD PROJEKT RED sold over 4.3 million copies.
– We are very pleased with the launch of Phantom Liberty. Successful release of the expansion, along with Update 2.0 which introduces a slew of additional improvements, elevates Night City gameplay to another level – in terms of quality. This is an important achievement given our plans to further develop the franchise – says Adam Kiciński, CEO and Board Member of CD PROJEKT.
At an event summarizing the release of Phantom Liberty, held on October 5, the Board of CD PROJEKT announced collaboration with Anonymous Content – a global motion picture and TV production company.
– As previously announced, we want to grow our franchises beyond the realm of video gaming. A live-action project set in the Cyberpunk universe will enable us to reach an even wider audience. We are happy to enlist the support of Anonymous Content – a highly experienced and renowned partner – in pursuing our ambitions – remarks Michał Nowakowski, CCO and Board Member of CD PROJEKT.
In the third quarter of 2023 the CD PROJEKT Group posted 443 million PLN in revenues. The Group’s consolidated net profit reached 203 million PLN – over twice as much as the year before.
– We had very solid earnings in the reporting period as a result of the successful launch of Phantom Liberty and strong sales of the base edition of Cyberpunk 2077. The net profitability of the CD PROJEKT RED segment exceeded 50%. For its part, GOG.COM also posted an excellent quarter – with an over 90% year-on-year increase in revenues. All in all, this was the best Q3 period in the entire history of the CD PROJEKT Group – summarizes Piotr Nielubowicz, CFO and Board Member of CD PROJEKT.
CD PROJEKT RED also announced that Cyberpunk 2077: Ultimate Edition bundle would be released on December 5 for Xbox Series X|S, Playstation 5 and the PC, both as a digital edition and as a box set. In addition to the base game, it will include the Phantom Liberty expansion, Update 2.0 and a selection of additional content.
The full financial statement of the CD PROJEKT Group can be found at https://www.cdprojekt.com/en/investors/result-center/.