2025-05-28 18:26
publication
2025-05-28 18:26
In the first quarter of 2024, the CD Projekt Group had PLN 86 million of JD net profit – the company said in the report. The calculations of PAP Biznes show that EBITDA profit during this period amounted to PLN 119.9 million. PAP consensus assumed PLN 95.3 million of JD net profit and PLN 110 million EBITDA.
The company's operating profit amounted to PLN 95.6 million, against a consensus of PLN 91.3 million.
The revenues of the game manufacturer in the first sq. Reached the level of 226.3 million, against analysts' forecasts at the level of PLN 224 million.
The Red segment generated revenues in the first quarter of PLN 181.1 million and achieved PLN 85.4 million of net profit.
At that time, the GOG segment generated PLN 46.7 million in revenues and 409 thousand. PLN net profit.
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The results of the CD Projekt Group in the first quarter of 2025 are presented below, their reference to PAP Biznes consensus and to results from previous periods. |
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| 1q2025 | results | cons. | difference | y/y | Q/Q |
| Income | 226.3 | 224.0 | 1.0% | -0.2% | -32.0% |
| EBitda | 119.9 | 110.0 | 9.0% | 7.8% | -31.2% |
| EBIT | 95.6 | 91.3 | 4.7% | 17.6% | -33.9% |
| JD net profit | 89.0 | 95.3 | -6.7% | -11,1% | -59.9% |
| EBITDA margin | 53.0% | 49.1% | 3.89 | 3.93 | 0.58 |
| EBIT margin | 42.2% | 40.7% | 1.52 | 6.40 | -1,23 |
| net margin | 39.3% | 42.6% | -3,26 | -4.79 | -27.32 |
CD Projekt in the result presentation announced that at the end of April 422 developers worked at The Witcher 4, i.e. 11 more compared to the end of February 2025.
At the continuation of Cyberpunk, 96 developers worked, against 84 at the end of February.
In turn, 49 developers worked on the Sirius project by one more than in February.
In addition, 19 developers worked at the end of February at the end of February, against 17 at the end of February.
“The results for the first 3 months of this year were supported by the good sales of Cyberpunk 2077 along with the addition of the specter of freedom. Despite PLN 100 million spent on investments in future projects, we managed to achieve positive cash flows” – said the company's financial director of the company, Piotr Nielubowicz, quoted in the company.
CD Projekt also announced another important sales levels of its productions. The spectrum of freedom, published in September 2023, a large addition to Cyberpunk 2077, sold over 10 million copies in a total number.
“This result gives us a lot of satisfaction. The more that in a moment our cyberpunctional portfolio will expand by another position – June 5 plays in the Ultimate Edition version will go to the debuting Nintendo Switch 2 console. Players' positive reactions of the players and media representatives who had the opportunity to play in a fragment of the game during a series of global nintendo events, They are optimistic.
It was added that the CD Projekt Red team responsible for another large game in the Cyberpunk universe ended the conceptual phase of the project a few weeks ago. Thus, work on Cyberpunk 2, previously known under the code name Orion, entered the stage of pre -production.
In addition, the presentation announced that the Witcher 3 sold 60 million copies.
“The Witcher 3 has already sold over 60 million copies since the premiere. This is a result that strengthens the position of the game at the forefront of the best -selling video games in history, as well as motivation to work intensively on the next trilogy in this universe,” said Joint CD CD Adam Badowski.
(PAP Biznes)
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