CD Projekt revenues rise, profits slide in rough first half of 2021

CD Projekt still managed to turn a profit after a rough first half to 2021, and says it will launch next-gen versions of Cyberpunk 2077 and The Witcher III by year’s end.

It was a challenging first half for the fiscal year of 2021 for CD Projekt. But even after enduring a rough launch for Cyberpunk 2077 and the subsequent delisting of the game from the PlayStation digital store, the Polish parent company of CD Projekt Red and still turned a profit—albeit a smaller one than the same period in 2020.

Per its financial report for the six month period ending June 30 2021, CD Projekt’s revenue rose from 344 million PLN in the first half of 2020 (about $89 million) to 470.6 million PLN (about $123.6 million) in the same half this year.

That makes sense—for all of Cyberpunk 2077’s woes, it’s still a huge new game to draw in revenue for the studio. And the decline in profits seems to be apparently tied to the increased costs in launching, and subsequently fixing Cyberpunk 2077.

Those profits only ran up to 105 million PLN (about $27 million), down from the 146 million PLN (about $38 million) it pulled in during the first half of fiscal year 2020.

After the rough waters the company has been through lately, it’s good to see they didn’t further destabilize the company.

CD Projekt leadership also stated that it’s aiming to have versions of The Witcher 3 and Cyberpunk 2077 available for PS5 and the Xbox Series X|S available by year’s end.

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