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News Here's How Much Money Witcher 3 Dev Made in the Last Three Months

News Bot Nov 10, 2016

  1. News Bot

    News Bot Chaos Immortal

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    The Witcher developer CD Projekt Red has announced earnings results for the quarter ended September 30. Overall revenue and profit fell year-over-year, despite the fact that The Witcher 3: Wild Hunt continues to sell well.

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    Revenue for the period was 100.9 million PLN ($25.1 million), which is down from 113.1 million PLN ($28.14 million) during the same period last year. CD Projekt posted an overall profit of 36.6 million PLN ($9.1 million), but this is a decrease of 9 percent from the 40.4 million PLN ($10.05 million) that the company recorded last year in the same quarter.

    Main contributors to the company's results for the quarter were The Witcher 3 and its two expansions, Hearts of Stone and Blood and Wine. The game and its expansions saw "excellent sales," CD Projekt Red added, though it did not share any specific sales numbers.

    That being said, the fact that the game continues to sell well "confirm that despite having been out for a year and a half the game continues to attract new fans," CD Projekt's CFO Piotr Nielubowicz said in a statement.

    He added that sales of the game are expected to improve further, as The Witcher 3's Game of the Year edition should be a "perfect Christmas present for many gamers."

    CD Projekt Red's GOG service saw its revenue rise to 23.54 million PLN ($5.85 million) compared to 20.96 million PLN ($5.2 million) during the same period last year. Profit was 298,000 PLN ($74,000), compared to 1.7 million PLN ($423,000) a year ago.

    The earnings report contained no new information about Cyberpunk 2077, apart from CD Projekt acknowledging that its overall game development spending increased due to that game and Gwent.

    In other news about CD Projekt Red, the company recently responded to a rumor that the company is preparing for a hostile takeover.

    For more on how other big-name video game companies are doing, check out the newest earnings reports stories below.


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