CD Projekt Red has published its financial results for the three months ended March 31, 2025, reporting a small decrease in sales and net profits during its first quarter.
Sales were relatively flat compared to the same period last year, decreasing 0.17% from PLN 226.7 million ($60.3 million) the previous year to PLN 226.3 million ($60.2 million).
As for net profit, the developer reported a drop of 14% to PLN 86 million ($22.8 million) compared to PLN 100 million ($26.6 million) during the same period last year.
CFO Piotr Nielubowicz said CD Projekt’s Q1 earnings were “supported by strong sales” of Cyberpunk 2077 and its expansion Phantom Liberty. The latter has now surpassed 10 million copies following its launch in September 2023.
CD Projekt also revealed that Cyberpunk 2 – previously codenamed Orion – has entered the pre-production phase, with the developer focusing recruitment for 2025 on this project.
The team has expanded to over 730 developers as of April 2025, with 420 developers focusing on the production phase of The Witcher 4.
Speaking of The Witcher franchise, The Witcher 3: Wild Hunt has sold over 60 million copies globally since its 2015 launch and earned PLN 2.4 billion ($638 million) in revenue.
“This remarkable figure firmly establishes The Witcher 3 as one of the best-selling games of all time, a testament to its enduring quality, immersive world, and unwavering support of our global player base,” said CD Projekt joint CEO Michał Nowakowski.
“Our goal now is to introduce them, along with those who are not yet familiar with our franchise, to a new saga that will begin with the upcoming fourth instalment of The Witcher.”
Commenting on the PLN 2.4 billion figure, Nowakowski said: “This financial performance underscores the enduring value of the franchise and its continued contribution to CD Projekt Red’s strong financial foundation – enabling us to dive into new projects and pursue our creative vision independently as we shape the future of both The Witcher and the Cyberpunk universes, as well as our third IP codenamed Hadar.”
