CD Projekt Unveils Witcher 3 Expansion as Q1 Revenue Rises 6% and Sales Top 65 Million
Updated
Updated · GamesIndustry.biz · May 29
CD Projekt Unveils Witcher 3 Expansion as Q1 Revenue Rises 6% and Sales Top 65 Million
11 articles · Updated · GamesIndustry.biz · May 29
Songs of the Past, a third expansion for 2015's The Witcher 3, is in advanced development with Fool's Theory and is slated for release in 2027.
PLN 191 million in first-quarter revenue marked a 6% increase for CD Projekt, while net profit slipped to PLN 106 million from PLN 111.7 million in the prior quarter.
Witcher IP revenue jumped 36% to PLN 44.7 million as The Witcher 3 passed 65 million cumulative sales, offsetting a 4% decline in Cyberpunk IP revenue to PLN 140.1 million.
Xbox Game Pass added a solid revenue stream after CD Projekt put Cyberpunk 2077's base edition and The Witcher 3 Complete Edition on the service.
PLN 1.4 billion in cash reserves at end-March is backing a broader shift to parallel development, which CD Projekt said should shorten gaps between future releases.
With Witcher 4 years away, can a new expansion for a 12-year-old game fund CD Projekt's massive new development pipeline?
After selling GOG to focus on games, can CD Projekt's new parallel development strategy truly fix its infamous release gaps?