CD Projekt Red is now worth $1 billion
It’s been a little over a year since The Witcher 3: The Wild Hunt was released, but CD Projekt Red is still riding high thanks to the adventures of Geralt of Rivia.
Over the weekend, the company released its first-half financial report for 2016, and while its profits are slightly down year-over-year, its value on the Polish stock market is now $1 billion, thanks to the combined power of The Witcher 3 and Gog.com.
For the second quarter of 2016, CD Projekt Red drew in 319 million PLN ($82 million) in revenue, and saw net profits of 134,7 million PLN ($34.7 million). GOg.com, CD Projekt Red’s game sales platform, brought in 69 million PLN ($17 million).
As a result of its financial earnings, the company’s market capitalization has shot up to over 3.92 billion zloty ($1.341 billion).
The company’s earnings report also comes with some other notable tidbits for how it plans to operate in a post-Witcher 3 world. It plans to extend its Gog Galaxy platform to include online services for games like Gwent, providing multiplayer infrastructure and supporting the game’s planned cross-platform play with Xbox One.
The move would position Gog Galaxy as a service similar to Ubisoft’s uPlay, though CD Projekt Red has yet to discuss if its technical offerings would be made available to other developers.
In addition, CD Projekt Red says it's also begun talks with Chinese game publisher GAEA to directly distribute its games in China.