CD Projekt RED profit beats forecasts as two unannounced projects enter development

  • CD Projekt RED reported first-half profit growth and confirmed two undisclosed projects in development.
  • 249.1 million zlotys exceeded the 201 million-zloty analyst forecast in a Reuters poll.
  • The Witcher 4 team numbered 519 developers and targets a 2028 launch window.

CD Projekt RED, Poland's largest video game studio, reported first-half net profit of 249.1 million zlotys ($66.75 million), up 37% year on year and above the 201 million zloty forecast in a Reuters poll. Revenue rose 23% to 435.3 million zlotys. Finance chief Piotr Nielubowicz said two additional undisclosed projects are in development, without providing details on their scope or release timing. The Witcher 4 team had 519 developers as of July 31 and is targeting a 2028 launch, while Cyberpunk 2 had 184 developers and no announced release date. The Witcher 3 remastered edition is due September 29, followed by the Songs of the Past expansion in 2027. CD Projekt RED has reached 86% of the 2 billion zloty profit target for the first tranche of its management incentive program covering 2023-2026, but Nielubowicz said the company would most likely miss the second tranche's 3 billion zloty target for 2024-2027 under its current release schedule. Back-catalogue sales and licensing partnerships, including Cyberpunk 2077 content in Wuthering Waves and Apex Legends, are helping support the business before its next major releases.

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