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Strong  The Witcher 3  sales free up CD Projekt Red to focus on game dev

Strong The Witcher 3 sales free up CD Projekt Red to focus on game dev

November 11, 2016 | By Alissa McAloon

November 11, 2016 | By Alissa McAloon
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It’s been a year and a half since CD Projekt Red first released The Witcher 3, but the game and its two expansion packs continue to bring in money for the Polish game developer.

In its quarterly financial report, the CD Projekt Group, comprised of both CD Projekt Red and GOG.com, reported a net profit of 36.6 million zloty ($8.9 million) for the third quarter of 2016, down 9 percent from Q3 2015. All in all, the company reported a total net profit of 171.2 million zloty ($42 million) and 419.8 million zloty ($103 million) in sales revenue for the first nine months of the fiscal year.

On just the game development side of things, CD Projekt Red reported 80 million zloty ($19.6 million) in sales revenue, down from the 93.7 million zloty ($22 million) generated during the same quarter last year.

Operating costs have risen from 19.9 million ($4.9 million) to 26.4 million zloty ($6.5 million) year-over-year, largely due to the recent beta release and marketing campaign for Gwent.

So far, CD Projekt has spent 41 million zloty ($10.1 million) on development across all three quarters, but 158 million zloty ($38.7 million) in positive cash flow generated in the same period has allowed the team to fully focus its efforts on the new games it currently has in development, such as Gwent and Cyberpunk 2077.



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