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[boskee]

CD Projekt has published its financial results for Q1 2016 (January 1st - March 31st 2016).

Its revenue in that period was 87 million PLN ($22.5 million) and net profit was 32.6 million PLN ($8.5 million).

Of that sum 68.1 million PLN ($17.5) in revenue was generated by game production (mainly The Witcher 3 and HoS).

The remaining revenue (some 20 million PLN or $5 million) was generated by GOG.

Those numbers have exceeded forecasts. To put things into perspective, last year CDP has made a net loss of 2.68 million PLN ($692,587) in Q1.

Source

 

[Killyoh]

They deserve it, great team.

 

[T.O.P]

Wheneaver i see the name CD Projekt Red

All deserved

 

[The Jackdog]

couldnt be happier to see a game like witcher 3 succeeding so much. not even because of the game, even if you hate it (GOTY for me).

the dlc and constant updates to it have been great. blood and wine is my most anticipated game this summer and its an expansion pack.

 

[fastmower]

I'm super happy to see that they are making a profit. I hope to see those numbers get super huge!

 

[Mista]

They deserve it and more also! Such a committed studio that makes pure quality. Happy for them!

 

[Pagusas]

That's it? I expected a lot more.

 

[boskee]

That's it? I expected a lot more.

That's for the period of Jan 1st - Mar 31st when they haven't released anything. They are making solid net profit from the sales of the already released titles.

 

[NoblesseOblige]

Honestly, I expected more. But then I realized they probably pay their people better than most in the industry.

 

[SunBroDave]

CDPR, like Naughty Dog, can do no wrong and deserve all of the good fortune that comes to them.

 

[DieH@rd]

That's it? I expected a lot more.

Why? They did not have any game release in Q1. All they are doing is earning money from late buyers.

 

[ironcreed]

They deserve all of that and more.

 

[Auctopus]

From just Q1? That's crazy. Deserve every cent.

 

[MadYarpen]

Great, I assume it includes costs of B&W production.

 

[varkuriru]

Grats to them! Did they add my $25 for the season pass? I got it yesterday . Heart of Stone is pretty good so far and I cant wait for Blood & Wine!

 

[kraspkibble]

Excellent! Witcher 3 has done amazing things for them. I had never heard of them before it came out and they have quickly became one of my favourite developers out. I really can't wait to see them get bigger. They have been working on The Witcher games for about a decade now so they deserve a break from that after this year. Cyberpunk 2077 is gonna be one hell of a game to look forward to.

 

[CHC]

I was actually expecting more until I saw "quarter 1." That's pretty good!

 

[boskee]

Honestly, I expected more. But then I realized they probably pay their people better than most in the industry.

They made a net loss of $692,587 in Q1 last year.

 

[Dance Inferno]

That's it? I expected a lot more.

Well deserved CDPR. Are they a public company? Why are they publishing results?

 

[TatteredHat]

CDPR, like Naughty Dog, can do no wrong and deserve all of the good fortune that comes to them.

Their work conditions leave something to be desired unless you're really into months of crunching away.

Hopefully some of the profit gets back to the employees, they all deserve it.

 

[boskee]

Well deserved CDPR. Are they a public company? Why are they publishing results?

Yes, they are publicly listed company. http://www.bankier.pl/inwestowanie/profile/quote.html?symbol=CDPROJEKT

 

[NoblesseOblige]

Well deserved CDPR. Are they a public company? Why are they publishing results?

http://stooq.com/q/?s=cdr

 

[Crawl]

That seems really low. I hope they can sustain their high quality games on their budgets. I'm going to buy the expansion pass once i get my new gfx card.

 

[Elandyll]

They deserve all of it and more, but makes me worried for the next 2-3 years when they go full production on Cyberpunk.

I honestly thought that residual Witcher 3 sales and GoG operations would net them more than $8m profit over a quarter...

The expansion should do good though.

 

[Turin Turambar]

Well deserved CDPR. Are they a public company? Why are they publishing results?

They are. They allowed to be bought by another company in a specific way to be on the stock exchange.

 

[JaseC]

Why? They did not have any game release in Q1. All they are doing is earning money from late buyers.

There's GOG to consider, too, but at the end of the day, the service primarily serves a niche market and, if Shovel Knight is any indication, is statistically irrelevant when it comes to new releases (i.e. indie titles) that are also on Steam.

 

[DeadOnions]

That would be higher with a dedicated Gwent game CDPR!

Blood and Wine should give them another nice boost though.

 

[Fdkn]

Honestly, I expected more. But then I realized they probably pay their people better than most in the industry.

Hard to tell, Poland is a very different country regarding wages.

 

[ukas]

Truly a company that's for the gamers.

 

[_machine]

Honestly, I expected more. But then I realized they probably pay their people better than most in the industry.

They do not. But as explained, this Q1 results, not a full financial year.

 

[Nuu]

This is sad. GOG IMO is better than Steam for non-multiplayer games. More people should download Galaxy and give it a whirl.

 

[jettpack]

Honestly, I expected more. But then I realized they probably pay their people better than most in the industry.

Because they are in poland they actually pay their people way less. Like half of what you would make in the US. with that said, Poland is a crazy cheap place to live compared to the US. so thats part of it.

 

[boskee]

They deserve all of it and more, but makes me worried for the next 2-3 years when they go full production on Cyberpunk.

Huh? They've made $86 million in net profit last year. They are doing absolutely fine.

 

[Exentryk]

Good to see the company doing well. Completely deserved!

 

[NoblesseOblige]

They do not. But as explained, this Q1 results, not a full financial year.

I realize it's only a quarter. But that's still such a small amount. I expected GOG was making more.

 

[FelipeMGM]

I think some people in this thread didnt get that this is only for Q1 and they didnt release any new games in that period

Its pretty great numbers

 

[sflufan]

Unless you take into account the relative dynamics of what it means to operate as a company in Poland, we have no frame of reference to say whether this is good, bad, or indifferent.

 

[Elandyll]

Huh? They've made $86 million in net profit last year. They are doing absolutely fine.

That was last year with a major release, which they won't have now for several years (unless of course they would have a side team working on a yet undisclosed project).

The expansion should provide a nice influx of cash hopefully, and they could possibly help publish smaller project which could also be very successful in their own right, but as said, I was expecting GoG to help with operations quite a bit more.

 

[Crawl]

Huh? They've made $86 million in net profit last year. They are doing absolutely fine.

what was the overall development cost + marketing of witcher 3 though?

 

[GifGafIsTheBestGaf]

good for them, they deserve even more

 

[Nordicus]

what was the overall development cost + marketing of witcher 3 though?

Less than 86 mil, somewhere between 60-70

 

[Crawl]

Less than 86 mil, somewhere between 60-70

do we know if cd projekt is completely indie or do they have maybe some private investors to give them cash flow?

 

[boskee]

what was the overall development cost + marketing of witcher 3 though?

net profit already takes into account all their outgoings. This is what they have in their bank account.

Their revenue last year was $206 million.

 

[SomedayTheFire]

what was the overall development cost + marketing of witcher 3 though?

What does that have to do with their profits?

 

[Adry9]

do we know if cd projekt is completely indie or do they have maybe some private investors to give them cash flow?

They have investors of course. Plan in the near future is for them to re-buy shares.

 

[CaptainSchwann]

Great news for CD Projekt, especially considering those sales are from all older releases. Lol at people thinkng that number is low. The U.S. is pretty unique where a game has to sell 5 million copies and generate $300 mil to break even(most of the time).

 

[boskee]

They have investors of course. Plan in the near future is for them to re-buy shares.

And their investors are mainly investment funds belonging to Polish banks and insurance companies.

 

[Nikodemos]

It's a shame GOG isn't used by more people. Their stuff is better than Steam's (see Bloodlines), they run more and better sales, and if you're from a non-euro, non-dollar, non-ruble country you can choose the best currency (local exchange-wise) to shop in.

 

[NoblesseOblige]

It's a shame GOG isn't used by more people. Their stuff is better than Steam's (see Bloodlines), they run more and better sales, and if you're from a non-euro, non-dollar, non-ruble country you can choose the best currency (local exchange-wise) to shop in.

How is Bloodlines different on GOG?

 

[boskee]

what was the overall development cost + marketing of witcher 3 though?

Their marketing costs were financed by the distributors who then subtracted their costs from the generated sales. CDPR didn't have to pay anything up front.