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CD Projekt RED Publishes Q1 2016 Earnings, Reports $8.5 Million Net Profit

witcher-3-gone-gold

Polish based developer CD Projekt RED has published their first quarter earnings (via NeoGAF), and they’ve reported a net profit of $8.5 million dollars (32.6 million PLN).

The first quarter generated a revenue of 22.5 million dollars, with 17.5 million attributed to game development (The Witcher 3 and it’s expansion Hearts of Stone), with the remaining 5 million being made through their digital games distribution platform GOG.

These numbers have exceeded expectations, seeing as last year the company had a net loss of of $692,587 in the first quarter.

CD Projekt RED are currently working on releasing their last expansion for The Witcher 3: Wild Hunt, titled Blood and Wine, which is slated to come out on May 31st. Following this, the Polish studio will move onto active development for their next RPG, Cyberpunk 2077.

In case you missed it, you can find our review for The Witcher 3: Wild Hunt here (we highly recommend it).

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Writer at Niche Gamer. Passionate for video game journalism, and more than glad to be a part of it. I also write DOTA 2 stuff.



19 comments
  1. Uncle Slick
    Uncle Slick
    May 12, 2016 at 11:00 am

    Well deserved.

  2. Neojames82
    Neojames82
    May 12, 2016 at 11:00 am

    Well, beat the developers at The Chinese Room are crying more tears over this announcement. They wish THEY WISH they could make this kind of money.

  3. Madbrainbox
    Madbrainbox
    May 12, 2016 at 11:04 am

    They should try developing a game then.

  4. Madbrainbox
    Madbrainbox
    May 12, 2016 at 11:06 am

    After Witcher the expectations for Cyberpunk are trough the roof.It will
    be hard for them to rise to the challenge.But I trust they will deliver.

  5. Hedger
    Hedger
    May 12, 2016 at 11:25 am

    I don’t have much experience with the cyberpunk system, but if CDPR were to push out what amounted to a reskined witcher 3 just with a deeper character builder I doubt any one would complain.

  6. Arenegeth
    Arenegeth
    May 12, 2016 at 11:27 am

    Is nice when you see Developers that actually make good games, that are not broken on release, or at least get quickly fixed or constantly supported after release, get the success they deserve.

    Instead of another broken AAA highly publicized (Believe the Hype – IGN) derivative title, that gets shilled by the games media.

    Is not like there’s many mid* tier Devs left to root for, besides CD Projekt RED and From Software. Even Platinum is going towards a dark path lately with all the mediocre licensed stuff they’ve been making.

    *With that profit margin you’d be hard pressed to call them mid tier, but they not EA, so let’s go with that.

  7. Neojames82
    Neojames82
    May 12, 2016 at 11:29 am

    Think it is better that they stay mid-tier. If they get too big then they might fall into EA territory and that would be horrible.

  8. EinMugenTenshin
    EinMugenTenshin
    May 12, 2016 at 11:34 am

    Great game, well deserved.

  9. Madbrainbox
    Madbrainbox
    May 12, 2016 at 11:48 am

    I don;t know much about it myself but that seems to be an entirely different kind of beast than W3.I hope we’ll get some new info at E3.

  10. totenglocke
    totenglocke
    May 12, 2016 at 12:06 pm

    Unpossible! AAA developers / publishers like Ubeshit, EA, Activision, etc insist that you’ll never make a dime if you don’t put punishing DRM on your games! CDPR has no DRM on GOG and the Witcher 3 was not only DRM free, but CDPR actually posted on torrent sites to help pirates with problems playing the game. Clearly this article is just GamerGate propaganda trying to hurt the real game companies!

  11. MusouTensei
    MusouTensei
    May 12, 2016 at 1:23 pm

    Cool and now the Q1 2016 earnings for The Chinese Room.
    :^)

  12. catazxy
    catazxy
    May 12, 2016 at 1:35 pm

    and after it gets even cheaper, then they will make even more money….

  13. Joe
    Joe
    May 12, 2016 at 5:06 pm

    It’s a good thing they have GOG to sustain them while they develop their next game.

  14. Mr0303
    Mr0303
    May 12, 2016 at 5:49 pm

    They are one of the few consumer friendly developers, so I’m happy for their success.

  15. Dr. Roswell. W
    Dr. Roswell. W
    May 12, 2016 at 6:46 pm

    Profits? What fucking profits?

  16. Casey
    Casey
    May 12, 2016 at 8:11 pm

    Sometimes… the good guys do win.

  17. Revonox
    Revonox
    May 13, 2016 at 4:49 am

    Sure

  18. DavidGX
    DavidGX
    May 13, 2016 at 5:06 am

    So much for DRM being necessary…