The Witcher 3 and GoG are driving CD Projekt RED’s big profits

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The Witcher 3 is one of the most successful and beloved games of this generation – and for very good reason. CD Projekt RED has become one of those developers that everyone just loves to love – and it’s something they’ve cleverly cultivated through simple things like actually deliver on their promises and make games that people want to play.

As you’d imagine, The Witcher 3 has become quite a successful endeavour for the Polish developer. That and their Good old Games service have been beneficial to their bottom line. In a new biannual financial report, CD Projekt Red has shown off just how much money The Witcher 3 and GoG are generating. While it’s a far cry from the sort of money that mega publishers like Activision and EA play with, it’s an incredible feat for a largely independent company.

For the first half of this year, CDPR earned 319 million Zloty, which is roughly the equivalent of $82 million, or R1185, 831,257. Of that staggering amount of cash, 135 million Zloty (around $35 million) is profit. While the number is actually lower than their earnings from the same period last year, that period benefitted from the release of the Witcher 3. It’s still 32% higher than analysts predicted, which has driven the company’s stock price up enough for the company to now be valued at $1BN.

Here’s what the press release from CD Projekt RED CEO Adam Kicinski says:

“The Group’s sales revenues and net financial result were dominated by continuing high sales of The Witcher 3: Wild Hunt and by the global release of the game’s second expansion – Blood and Wine. We’re wrapping up a very busy six-month period. Our second expansion for The Witcher 3 – Blood and Wine – was widely acclaimed and, together with the base game, generated most of our sales during this period.

But we’re not done: on 30 August we’re releasing The Witcher 3: Game of the Year Edition for all those who haven’t yet had the chance to play the most celebrated videogame of 2015. In later months we will focus on the recently announced multiplayer card game – GWENT, with a closed beta launching on 25 October”

Last Updated: August 29, 2016

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