Poland's CD Projekt third-quarter profit soars thanks to Cyberpunk boost


FILE PHOTO: A bird flies in front of the Cd Projekt logo at its headquarters in Warsaw, Poland January 21, 2020. Picture taken January 21, 2020. REUTERS/Kacper Pempel//File Photo

(Reuters) -Polish video game maker CD Projekt's third-quarter net profit jumped more than 500%, topping expectations, helped by sales of its flagship Cyberpunk 2077 game.

Interest in the game was spurred by the Cyberpunk: Edgerunners anime series which premiered on Netflix in September, and the release of an update to the game, the company said.

"The popularity of the series and the positive reception of the 1.6 update to Cyberpunk 2077, released a week earlier, had a measurable impact on the game's sales," CD Projekt Chief Executive Adam Kicinski said in a statement.

Net profit came in 98.7 million zlotys ($21.94 million), compared to the 88 million zlotys expected by analysts.

The studio also behind The Witcher franchise reported revenue of 245.5 million zlotys, up 70% and above expectations of 239 million zlotys.

The third quarter was the best so far this year for sales of Cyberpunk 2077, CD Projekt's Chief Financial Officer Piotr Nielubowicz said, without giving a specific number.

The company said in September it had sold 20 million copies of the game so far, compared to more than 13.7 million it earlier said it had sold in its debut year.

($1 = 4.4981 zlotys)

(Reporting by Anna Pruchnicka; Editing by Jan Harvey)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

Online system to seek asylum in US is quickly overwhelmed
Pet fish in Japan racks up credit card bill on Nintendo Switch
Elon Musk’s mysterious ways on display in Tesla tweet trial
Fact check: Are viral videos showing Covid-19 vaccine side effects accurate?
Angry customer hurls ‘scalding’ soup at teen worker, US cops say
Charting a new course with the country's data
Opinion: Teens carry a threat to mental health in their pockets
Like Terminator’s T-1000, this robot liquefies before returning to its original form
This app offers travellers on the London Underground less-polluted routes
Find out if your personal data has fallen into the wrong hands online

Others Also Read