CD Projekt has posted its quarterly results for Q2 2016. They have exceeded analysts prognosis by 32%. As a result, their share price has jumped, making the company worth more than $1 billion.
Revenue in Q2 2016: 319 million PLN ($82 million)
Net profit in Q2 2016: 134,7 million PLN ($34.7 million)
According to the company's strategy, their aim is to generate a net profit of 618.4 million PLN between 2016-2019, 855,5 mln PLN between 2016-2020, or 1.09 billion PLN between 2016-2021.
Since the beginning of the year, CD Projekt's share price has increased by 67%.
Full results can be found here: https://www.cdprojekt.com/en/investors/result-center/
Other interesting information:
- GOG Galaxy is working for CDPR: they have sold more addons to the Witcher 3 than the main game itself last year.
- Galaxy will be used for online features in CDPR games going forward. Gwent will be powered by Galaxy (which has built in cross-play support).
- Most of the revenue generated by the Witcher 3 addons was included in Q1 report.
- Game development spending amounts to around $3.75 million per quarter.
- CDPR wants to prepare Gwent for e-sports market.
- 100 developers work on Gwent, including the entire marketing team.
- No plans for mobile Gwent at this stage, although "CDPR like mobile"
- Final release expected few months after the start of the closed beta
- CDPR is on a hiring spree - currently 104 job offers on their website.
- GOG is expanding to Brazil
- Gwent will be distributed in China by GAEA
Revenue in Q2 2016: 319 million PLN ($82 million)
Net profit in Q2 2016: 134,7 million PLN ($34.7 million)
According to the company's strategy, their aim is to generate a net profit of 618.4 million PLN between 2016-2019, 855,5 mln PLN between 2016-2020, or 1.09 billion PLN between 2016-2021.
Since the beginning of the year, CD Projekt's share price has increased by 67%.
Full results can be found here: https://www.cdprojekt.com/en/investors/result-center/
Other interesting information:
- GOG Galaxy is working for CDPR: they have sold more addons to the Witcher 3 than the main game itself last year.
- Galaxy will be used for online features in CDPR games going forward. Gwent will be powered by Galaxy (which has built in cross-play support).
- Most of the revenue generated by the Witcher 3 addons was included in Q1 report.
- Game development spending amounts to around $3.75 million per quarter.
- CDPR wants to prepare Gwent for e-sports market.
- 100 developers work on Gwent, including the entire marketing team.
- No plans for mobile Gwent at this stage, although "CDPR like mobile"
- Final release expected few months after the start of the closed beta
- CDPR is on a hiring spree - currently 104 job offers on their website.
- GOG is expanding to Brazil
- Gwent will be distributed in China by GAEA