The Polish company group CD PROJEKT reported on the past year, announcing record development expenditures and plans to release a mobile game in collaboration with the creators of MONOPOLY GO!.
The Witcher IV
Below are the key points from the report.
- In 2024, CD PROJEKT earned 985 million zlotys (255 million dollars). Compared to 2023, its revenue fell by 20%.
- Net profit decreased by 2% to 469.9 million zlotys (121.6 million dollars). Despite the decline, it still marks the third-best result in CD PROJEKT's history, surpassed only in 2023 and 2020.
- As usual, the majority of the revenue was brought by CD PROJEKT RED, totaling 801.6 million zlotys (207.5 million dollars, down 22.8%). The GOG store generated an additional 199.3 million zlotys (51.6 million dollars, down 15.2%).
Revenue of CD PROJEKT, its divisions, and games
- Cyberpunk 2077, together with the Phantom Liberty expansion, garnered 588.8 million zlotys (152.4 million dollars) in 2024. This is a third less than in 2023. Digital versions accounted for 95% of this amount. In terms of regional distribution, most of the revenue from the game and DLC came from North America (40.3%) and Europe (30.7%). Among platforms, PC led with a 62% revenue share, followed by PlayStation (26%) and Xbox (12%).
Revenue breakdown of Cyberpunk 2077 and Phantom Liberty in 2024 by region
- Annual revenue from The Witcher series games and their add-ons reached 163.4 million zlotys (42.3 million dollars), a 3% increase over 2023.
- Europe remained the main region for The Witcher 3: Wild Hunt, accounting for 36.5% of the game's revenue in 2024. North America was responsible for 28.9% of the yearly revenue. The revenue split by platform was as follows: PC held 43%, PlayStation 38%, Nintendo Switch 11%, and Xbox 8%.
Revenue breakdown of The Witcher 3: Wild Hunt in 2024 by region
- Over the year, CD PROJEKT spent 695.4 million zlotys (180 million dollars) on game development. This is a record amount for the group, with expenses being 32% lower in 2023.
- The Witcher IV will not be released before 2027. Currently, the game team comprises 411 developers.
Number of developers in different CD PROJEKT game teams
- By the end of the year, CD PROJEKT's financial reserves, including cash, bank deposits, and bonds, amounted to 1.47 billion zlotys (381 million dollars), an increase of 10% from 2023.
- In its report, CD PROJEKT announced a partnership with mobile publisher and developer Scopely. While all details of the agreement are not disclosed, it is known that the creators of MONOPOLY GO! will work on a game based on one of CD PROJEKT's franchises.