The profit of CD Projekt left the consensus by over 7 percent.

2025-08-28 17:56, act 201.2025-08-28 20:29
publication
2025-08-28 17:56
update
2025-08-28 20:29
JD Net Professor CD Projekt in the second quarter of 2025 amounted to PLN 69 million, and EBITDA PLN 89 million – according to the calculations of PAP Biznes based on the report of the game developer for the first half of the year. The profit turned out to be 7.6 percent. Above the expectations of analysts who forecasted that it would amount to PLN 64.1 million, and EBITDA was 19.1 percent higher. compared to PLN 74.7 million.


The company's net profit in the second quarter of 2025 fell by 1.3 percent. year to year and 19.8 percent in quarterly terms.
In addition, the calculations of PAP Biznes show that revenues in II quarter amounted to PLN 216.7 million and were 5.5 percent. higher than a consensus at PLN 205.5 million. Increased by 9.4 percent yaws and dropped 4.2 percent KDK.
EBITDA CD Project in Q2 amounted to PLN 89 million and increased 0.2 percent. yard and 20.7 percent fell KDK.
EBIT amounted to PLN 72.4 million against a consensus of PLN 57.2 million. EBIT increased 22.9 percent yard and fell 24.3 percent compared to the previous quarter.
In the six months of 2025, consolidated revenues from the sale of the CD Projekt group reached PLN 443 million, and net profit amounted to PLN 155 million.
As reported in the report, in the first half of 2025 revenues from the sale of the Red segment amounted to PLN 355.4 million, which translated into PLN 155.8 million net profit. Own production during this period generated PLN 336 million in revenues against PLN 339.6 million a year earlier. The box distribution of games in the first half of the year brought PLN 34.6 million to the company, and digital distribution PLN 311 million. A year earlier it was PLN 21 million and PLN 301 million, respectively.
The company estimates that in the first half of the “Cyberpunk 2077” together with supplements generated PLN 257.7 million of revenues against PLN 264.1 million during the first six months of 2024. In turn, the estimates of the revenues obtained from the sale of the Witcher saga and supplements indicate PLN 61.3 million in the first half of PLN 62.6 million in the corresponding period of the previous year.
In turn, the GOG segment generated PLN 93.3 million of revenues, while noting a net loss of 806 thousand. zloty.
In the same period of the previous year, the Red branch generated PLN 344.8 million, which gave PLN 168.8 million net profit from the segment. In the same period, GOG generated PLN 87.7 million in revenues and PLN 1 million net profit.
The company's net cash flows in the first half of the year amounted to PLN 249.7 million against PLN 250.9 million in the same period of the previous year.
At the end of July, the team working on “The Witcher 4” had 444 developers, against 422 at the end of April.
At the end of July, the team forming the sequel “Cyberpunk 2077” increased to 116 people from 96 in April.
Three more developers worked on the Sirius project at the end of July. A team working on the Hadar project also expanded by three employees.
At the end of July, the employment of developers was 799 people, compared to 730 at the end of April.
“Cyberpunk 2077: Ultimate Edition went to the Nintendo Switch 2 console on the day of its world premiere and remains one of the best -selling games so -called Third -Party. In turn, in mid -July the game debuted on Mac computers equipped with Apple Silicon processors,” he said, quoted in the press release, joint CD CD Michał Nowakowski.
“The dominant participation in the group's revenues still falls on Cyberpunk 2077 along with the addition of the spectrum of freedom,” said the financial director of the game developer Piotr Nieubowicz.
He added that the company is also constantly increasing investments in future projects.
“Our expenses for development works related to new productions in the first half of the year exceeded PLN 240 million” – pointed out Nieubowicz.
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The results of the CD Projekt group in the second quarter of 2025, their reference to the PAP Biznes consensus and to results from previous periods. Data in PLN million. |
|||||||
|---|---|---|---|---|---|---|---|
| 2Q2025 | results | cons. | difference | y/y | Q/Q | YTD 2025 | yard |
| Income | 216.7 | 205.5 | 5.4% | 9.4% | -4.2% | 443.0 | 4.3% |
| EBitda | 89.0 | 74.7 | 19.1% | 0.2% | -20.8% | 201,3 | 0.6% |
| EBIT | 72.4 | 57.2 | 26.6% | 22.9% | -24.3% | 168.0 | 19.8% |
| JD net profit | 69.0 | 64.1 | 7.7% | -1.3% | -19.8% | 155.0 | -8.8% |
| EBITDA margin | 41.1% | 36.4% | 4.66 | -3.77 | -8.57 | 45.45% | -1,64 |
| EBIT margin | 33.4% | 27.9% | 5.54 | 3.65 | -8.83 | 37.92% | 4.91 |
| net margin | 31.8% | 31.2% | 0.65 | -3,48 | -6,16 | 34.99% | -5.03 |
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