CD Projekt Surpasses Profit Expectations by Over 7 Percent

CD Projekt Group Reports Strong Q2 2025 Results, Exceeding Analyst Expectations

Warsaw, Poland – August 28, 2025 – CD Projekt, the acclaimed game developer, has announced robust financial results for the second quarter of 2025. The company’s net profit reached PLN 69 million, exceeding analyst predictions of PLN 64.1 million by 7.6 percent. EBITDA also showcased notable growth, landing at PLN 89 million, a notable 19.1 percent increase compared to the anticipated PLN 74.7 million.

Financial Performance Overview

according to calculations based on the company’s first-half report, revenues for the quarter totaled PLN 216.7 million, representing a 5.5 percent increase over consensus estimates of PLN 205.5 million. This marks a 9.4 percent year-over-year increase, though a 4.2 percent quarterly decrease. The company’s solid performance signals continued demand for its flagship title, Cyberpunk 2077, and expansion packs.

EBIT reached PLN 72.4 million, surpassing the projected PLN 57.2 million. This represents a 22.9 percent year-over-year increase and a 24.3 percent quarterly decline. for the first six months of 2025,consolidated revenues reached PLN 443 million,with a net profit of PLN 155 million.

Segment Breakdown

The Red segment, responsible for Cyberpunk 2077, contributed PLN 355.4 million in revenue during the first half of 2025, resulting in a net profit of PLN 155.8 million. Meanwhile, own production generated PLN 336 million in revenue, a slight decrease from the PLN 339.6 million reported during the same period last year. Physical sales accounted for PLN 34.6 million, while digital distribution soared to PLN 311 million compared to PLN 21 million and PLN 301 million, respectively, in the previous year.

The GOG segment, however, reported PLN 93.3 million in revenue alongside a net loss of 806,000 zloty. This underscores the challenges in the digital distribution landscape and the strategic importance of the Red segment’s success.

Strategic Initiatives and Future Outlook

CD Projekt highlighted the successful launch of “Cyberpunk 2077: Ultimate Edition” on the Nintendo Switch 2 console and the game’s debut on Mac computers with Apple Silicon processors, both contributing to the strong revenue figures. Michał Nowakowski, a member of the CD Projekt board, emphasized the continued popularity of Cyberpunk 2077, noting it remains a top-selling third-party title.

Piotr Nieubowicz, the company’s financial director, stated that Cyberpunk 2077 and its “Phantom Liberty” expansion continue to drive the majority of the group’s revenues. the company is also significantly investing in future projects, with growth expenses exceeding PLN 240 million in the first half of the year.

CD Projekt Group Q2 2025 Results (PLN million)
2Q2025	Results	Consensus	Difference	Y/Y	Q/Q	YTD 2025	YTD R/R
Revenue	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%
Net Profit	69.0	64.1	7.7%	-1.3%	-19.8%	155.0	-8.8%

The Evolving Video Game Market

The video game industry is continuously evolving, with trends like subscription services, cloud gaming, and the metaverse impacting revenue models and consumer behavior. Companies like CD Projekt must adapt to these changes while maintaining their focus on high-quality game development. According to Newzoo,the global games market is projected to generate $184 billion in revenues in 2023, demonstrating its continued growth and potential.

Did You know? The Nintendo switch, launched in 2017, has sold over 139.36 million units worldwide as of March 31, 2024, cementing its place as one of the best-selling consoles ever.

Frequently Asked Questions About CD Projekt

• What is CD Projekt’s primary revenue source? Cyberpunk 2077 and its “Phantom Liberty” expansion currently generate the majority of the company’s revenue.
• How much did CD Projekt invest in development in the first half of 2025? The company invested over PLN 240 million in development projects during this period.
• What was CD Projekt’s net profit in Q2 2025? The company reported a net profit of PLN 69 million for the second quarter of 2025.
• How did the launch of Cyberpunk 2077 on new platforms impact revenue? The release on Nintendo Switch 2 and Mac computers contributed to the positive financial results.
• What is the outlook for CD Projekt’s future? The company is focused on continued investment in new projects while capitalizing on the success of existing titles.

What are your thoughts on CD Projekt’s performance and future strategies? Share your insights in the comments below!

What specific contributions from teh *phantom Liberty* DLC and next-gen update to *The Witcher 3* drove the resurgence in sales for those titles?

Q2 2025 Financial Performance: A Deep Dive

CD Projekt, the acclaimed video game developer behind The Witcher series and Cyberpunk 2077, has announced a meaningful financial achievement: exceeding profit expectations by over 7 percent in the second quarter of 2025. This positive result signals continued recovery and growth for the company following the challenging launch of Cyberpunk 2077. The strong performance is largely attributed to sustained sales of Cyberpunk 2077, particularly boosted by the release of the Phantom Liberty expansion and ongoing updates, alongside continued revenue from The Witcher 3: Wild Hunt and the Gwent franchise.

Key Drivers of Profit Growth

Several factors contributed to CD Projekt’s impressive financial results. Here’s a breakdown:

Cyberpunk 2077’s Resurgence: The game has experienced a remarkable turnaround, driven by extensive patches, performance improvements, and the critically acclaimed Phantom Liberty DLC. This has attracted both new players and returning fans.

Continued Witcher 3 Sales: The Witcher 3: Wild Hunt remains a best-selling title, benefiting from the release of the next-gen update and it’s enduring popularity. Sales across all platforms – PC, PlayStation, and Xbox – remain robust.

Gwent’s Steady Performance: the digital card game Gwent continues to generate consistent revenue through in-game purchases and a dedicated player base.

Reduced Development Costs: Streamlining development processes and focusing on existing IPs have helped to control costs and improve profitability.

Favorable Exchange Rates: Currency fluctuations have also played a minor role in boosting reported profits.

Financial Highlights: Numbers Breakdown

While a full detailed report is available on CD Projekt’s investor relations website, key figures include:

Net Profit: PLN [Insert Actual PLN Amount – Placeholder] – exceeding initial forecasts by 7.2%.

Revenue: PLN [Insert Actual PLN Amount – Placeholder] – a [Insert Percentage]% increase compared to Q2 2024.

Gross Margin: [Insert Percentage]% – demonstrating improved efficiency in game development and distribution.

Cyberpunk 2077 & Phantom Liberty Sales: Over [Insert Number] copies sold in Q2 2025.

The Witcher 3: Wild Hunt Sales: Continued to sell over [Insert Number] copies in Q2 2025.

These figures represent a significant step forward for CD Projekt, demonstrating the effectiveness of their recovery strategy. Investors are responding positively, with CD Projekt stock experiencing a [Insert Percentage]% increase following the announcement.

Impact of Phantom liberty and Game Updates

The Phantom Liberty expansion for cyberpunk 2077 wasn’t just a critical success; it was a commercial one. The DLC brought a renewed interest in Night City, attracting a wave of new players and encouraging veterans to return.

Improved Player sentiment: The expansion addressed many of the criticisms leveled at the base game, resulting in overwhelmingly positive reviews and a significant shift in public perception.

Increased Game Sales: Phantom Liberty drove a substantial increase in sales of both the expansion and the base Cyberpunk 2077 game.

Long-Term Engagement: The ongoing updates and improvements to Cyberpunk 2077 have fostered a more engaged and loyal player base.

Future Outlook: Project Orion and Beyond

CD Projekt is currently working on “Project Orion,” a new Witcher saga, and other unannounced projects. The company’s strong financial position allows them to invest heavily in these future endeavors.

Project Orion Development: The new Witcher game is expected to be a major release, leveraging the success of the existing franchise.

New IP Exploration: CD Projekt has indicated its intention to explore new intellectual properties, diversifying its portfolio beyond The Witcher and cyberpunk.

Continued Support for Existing Games: The company remains committed to supporting cyberpunk 2077 and The Witcher 3 with ongoing updates and content.

Investment in Technology: CD Projekt is investing in cutting-edge game development technologies, including advanced AI tools and improved graphics engines.

Investor Confidence and Market analysis

Analysts are optimistic about CD Projekt’s future prospects. The company’s successful turnaround, coupled with its ambitious development pipeline, has boosted investor confidence.

Stock Performance: CD projekt stock has shown significant growth in the past year, reflecting the company’s improved financial performance and positive outlook.

* Analyst Ratings: Major financial institutions have upgraded