CD Projekt sees 2% rise in first post-Cyberpunk 2077 quarter

Cyberpunk 2077 did rather a lot for CD Projekt, however the firm’s first quarterly report because the launch reveals a less-impressive end result than you may need anticipated.

For the three-month interval ending on March 31, 2021, CD Projekt posted file gross sales of PLN 198 million ($53.9 million). That’s 2 p.c greater than the corporate posted for a similar interval the earlier 12 months, and this quarter included the discharge of Cyberpunk 2077.

This almost flat comparability is because of a contact comparability for the corporate’s early 2020 quarterly outcomes. The corporate outlined that the pandemic drove up gross sales because it did with all video games and consoles, however the rise of The Witcher Netflix present pushed up gross sales of The Witcher 3: Wild Hunt particularly. The Change model noticed lots of new gross sales, displaying that extra individuals had been making an attempt to remain entertained at dwelling with a console they may use post-pandemic.

This surge in gross sales supported the corporate in 2020 however tailed off in direction of the top of the 12 months. The decrease revenues had been primarily offset by digital gross sales of Cyberpunk 2077 in December, which offered hundreds of thousands of copies in simply a few weeks.

Gross sales may need been up for CD Projekt, however income had been down this quarter by 65 p.c year-on-year. The corporate reported a web revenue of PLN 32.5 million ($8.87 million). The corporate outlined that depreciation of Cyberpunk 2077 improvement expenditures and work on updating the sport is what has brought on this decrease degree of income.

Sadly for followers, no updates on Cyberpunk 2077 had been shared. The sport nonetheless isn’t listed on the PlayStation Retailer, and there’s no phrase on any form of DLC.

CD Projekt Crimson is engaged on all variations of Cyberpunk 2077, and next-gen variations of The Witcher 3: Wild Hunt in the mean time. The corporate has a protracted technique to go to get well the religion it misplaced with followers when its final sport launched. Patches and DLC will see the injuries heal, however the firm wants to change its enterprise practices if it needs to keep away from points sooner or later.