Cd Projekt Profits Fell By 64.7% Due To Cyberpunk 2077
CD Projekt published a financial report for the first quarter of 2021. The main thing:
- Profit made up $ 8.87 million – 64.7% less compared to the same period last year. The analyst forecast was significantly higher – $ 22 million.
- The income is $ 54 million – by 2% more than a year earlier. Analysts expected $ 59.5 million.
- About 60% of revenue accounted for Cyberpunk 2077, And most of the part – on the digital PC version.
- Circle “Cyberpank” for the quarter is unknown. According to analysts, sales could be low due to the removal of the game from the PlayStation store and the release of the second major patch only at the end of March.
- Last year, the cost of one share of the company reached a record $ 126 on the eve of the release Cyberpunk 2077, But since then has decreased by more than 60%.
This year Cyberpunk 2077 Receive a number of updates and free DLCs, as well as a nextgen version.
Financial Director Petr Nelyubovich Piotr Nielubowicz) explains the decline in profits:
Lower than usual profit is mainly caused by depreciation of the development costs Cyberpunk 2077, updating games and research activities (R&D) related to future projects.
The company still does not know when the game will be returned to PS Store. To do this, developers need to perform definite conditions set Sony. What exactly – not specifying. According to CDP, Studio is halfway to return Cyberpunk 2077 To the PlayStation Shop. Developers will certainly communicate as soon as the game is ready for this.
Schedule frequency of departures as patches.