CD Projekt Reports $120 Million Net Profit Amid Sales Decline

CD Projekt S.A. reported a strong net profit of approximately $122 million for the fiscal year ending in 2024, despite not releasing any new games during this period. The company's revenue dropped to about $260 million, down from $327 million the previous year, primarily impacted by the lack of new game launches. The profits were largely driven by continued sales from Cyberpunk 2077, and the company expressed optimism about future projects, including the anticipated release of The Witcher 4, which is now in full-scale production. However, shares fell nearly 10% following the announcement of a delay for The Witcher 4's release until 2026. Despite the revenue decline, CD Projekt maintained a solid equity position and continues to invest heavily in development projects. Management remains committed to leveraging its strong brand and strategic investments to navigate the evolving gaming market.