SameTeem
Search titles only
By:
Log in
Register
What's new
Search
Search
Search titles only
By:
Home
Forums
Forums
New posts
Search forums
Streams
Streams
Multi-Viewer
Games
What's new
Media
Resources
Free TeamSpeak Channel
TeamSpeak
TeamSpeak
Vote
Rank System
Make a Channel
Free Channel Information
Servers
Sourcebans
New posts
SameTeem
Home
Forums
New posts
Search forums
Streams
Multi-Viewer
Games
What's new
Media
Resources
Free TeamSpeak Channel
TeamSpeak
Vote
Rank System
Make a Channel
Free Channel Information
Servers
Sourcebans
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Download TeamSpeak Today
Proudly sponsored by TeamSpeak
Forums
News and Announcements
Gaming News
CD Projekt Says 2023 Was Second Best Year in Its History While Posting $120 Million in Net Profits
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Admin" data-source="post: 62777" data-attributes="member: 1"><p>CD Projekt chief financial officer Piotr Nielubowicz called 2023 the second best year in the company's history as the studio posted net profits of more than $120 million in its full year earnings. Nielubowicz credited the release of Phantom Liberty, which he says was purchased by around a quarter of Cyberpunk 2077 owners, as well as ongoing interest in The Witcher, for CD Projekt's success.</p><p></p><p></p><p>"[Phantom Liberty's success] resulted in strong sales," Nielubowicz said in a video statement as part of the earnings. "By the end of 2023 <a href="https://www.ign.com/articles/cyberpunk-2077-phantom-liberty-surpasses-5-million-players" target="_blank">Phantom Liberty had been purchased over 5 million times</a>."</p><p></p><p></p><p></p><p>Nielubowicz called Phantom Liberty's sales "an excellent result," especially given that it's been more than three years since the release of the original Cyberpunk 2077. During the earnings, CD Projekt announced that Cyberpunk 2077 has earned more than 3 billion PLN (about $751 million) since its <a href="https://www.ign.com/articles/cyberpunk-2077-review" target="_blank">fraught release in 2020</a>.</p><p></p><p>Despite the robust numbers, CD Projekt underwent a round of layoffs in summer 2023 that <a href="https://www.ign.com/articles/the-witcher-and-cyberpunk-developer-cd-projekt-to-lay-off-9-of-its-workforce" target="_blank">saw it reduce its workforce by around 9 percent</a>, which the studio described as "an alignment of the scale and size of the team with the requirements of ongoing projects and the CD Projekt Group strategy." The layoffs led to the <a href="https://www.ign.com/articles/mass-layoffs-at-cyberpunk-2077-developer-cd-projekt-prompt-new-union-formation" target="_blank">creation of the Polish Gamedev Workers Union</a>, which was founded by gameplay QA analyst Pawel Myszka and programmer Lev Ki. <a href="https://www.ign.com/articles/ive-never-seen-it-this-bad-game-developers-explain-the-huge-layoffs-hitting-riot-epic-and-more" target="_blank">Layoffs have remained an ongoing concern in the games industry</a>, with Riot, EA, Sony, and numerous other publishers affected.</p><p></p><p></p><p>Looking ahead, <a href="https://www.ign.com/articles/nearly-half-of-cd-projekt-now-working-on-the-witcher-4" target="_blank">CD Projekt is shifting more resources to The Witcher 4: Polaris</a> as development continues apace. CD Projekt is also planning the next Cyberpunk game, <a href="https://www.ign.com/games/cyberpunk-2077-codename-orion" target="_blank">codenamed Orion</a>, as well as a <a href="https://www.ign.com/articles/cyberpunk-2077-live-action-project-isnt-coming-until-2025-at-the-earliest" target="_blank">live-action project set in the universe</a>.</p><p></p><p></p><p><em>Kat Bailey is IGN's News Director as well as co-host of Nintendo Voice Chat. Have a tip? Send her a DM at @the_katbot.</em></p><p></p><p><a href="https://www.ign.com/articles/cd-projekt-says-2023-was-second-best-year-in-its-history-while-posting-120-million-in-net-profits" target="_blank">Continue reading...</a></p></blockquote><p></p>
[QUOTE="Admin, post: 62777, member: 1"] CD Projekt chief financial officer Piotr Nielubowicz called 2023 the second best year in the company's history as the studio posted net profits of more than $120 million in its full year earnings. Nielubowicz credited the release of Phantom Liberty, which he says was purchased by around a quarter of Cyberpunk 2077 owners, as well as ongoing interest in The Witcher, for CD Projekt's success. "[Phantom Liberty's success] resulted in strong sales," Nielubowicz said in a video statement as part of the earnings. "By the end of 2023 [URL='https://www.ign.com/articles/cyberpunk-2077-phantom-liberty-surpasses-5-million-players']Phantom Liberty had been purchased over 5 million times[/URL]." Nielubowicz called Phantom Liberty's sales "an excellent result," especially given that it's been more than three years since the release of the original Cyberpunk 2077. During the earnings, CD Projekt announced that Cyberpunk 2077 has earned more than 3 billion PLN (about $751 million) since its [URL='https://www.ign.com/articles/cyberpunk-2077-review']fraught release in 2020[/URL]. Despite the robust numbers, CD Projekt underwent a round of layoffs in summer 2023 that [URL='https://www.ign.com/articles/the-witcher-and-cyberpunk-developer-cd-projekt-to-lay-off-9-of-its-workforce']saw it reduce its workforce by around 9 percent[/URL], which the studio described as "an alignment of the scale and size of the team with the requirements of ongoing projects and the CD Projekt Group strategy." The layoffs led to the [URL='https://www.ign.com/articles/mass-layoffs-at-cyberpunk-2077-developer-cd-projekt-prompt-new-union-formation']creation of the Polish Gamedev Workers Union[/URL], which was founded by gameplay QA analyst Pawel Myszka and programmer Lev Ki. [URL='https://www.ign.com/articles/ive-never-seen-it-this-bad-game-developers-explain-the-huge-layoffs-hitting-riot-epic-and-more']Layoffs have remained an ongoing concern in the games industry[/URL], with Riot, EA, Sony, and numerous other publishers affected. Looking ahead, [URL='https://www.ign.com/articles/nearly-half-of-cd-projekt-now-working-on-the-witcher-4']CD Projekt is shifting more resources to The Witcher 4: Polaris[/URL] as development continues apace. CD Projekt is also planning the next Cyberpunk game, [URL='https://www.ign.com/games/cyberpunk-2077-codename-orion']codenamed Orion[/URL], as well as a [URL='https://www.ign.com/articles/cyberpunk-2077-live-action-project-isnt-coming-until-2025-at-the-earliest']live-action project set in the universe[/URL]. [I]Kat Bailey is IGN's News Director as well as co-host of Nintendo Voice Chat. Have a tip? Send her a DM at @the_katbot.[/I] [url="https://www.ign.com/articles/cd-projekt-says-2023-was-second-best-year-in-its-history-while-posting-120-million-in-net-profits"]Continue reading...[/url] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
News and Announcements
Gaming News
CD Projekt Says 2023 Was Second Best Year in Its History While Posting $120 Million in Net Profits
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top