Cyberpunk 2077 Ultimate Edition Launch
Cyberpunk 2077 Ultimate Edition is set to be a launch title for the Nintendo Switch 2 on June 5, 2025, marking a significant milestone as the first time one of CD PROJEKT's games will debut on a new platform.
CD Projekt
· OTGLY
May 28th, 2025
Summary
- Earnings Call Date:
- 2025-05-28
- Change Since:
- +2.54%
- Next Earnings Date:
- 2026-09-02
Earnings Call Sentiment
PositiveThe earnings call highlighted several positive developments, including successful product launches and strong sales figures for existing titles. Financial performance was robust, with notable profit and strategic decisions regarding dividends and share buybacks. However, increased operating costs and high income tax adjustments posed challenges. The positive aspects significantly outweighed the negatives.
Company Guidance
During the Q1 2025 Earnings Conference Call held on May 28, CD PROJEKT provided several key metrics and guidance. They announced that the Cyberpunk 2077 Ultimate Edition would be a launch title for the Nintendo Switch 2 on June 5, 2025, marking the company's first game to be a launch title on a new platform. The Phantom Liberty expansion for Cyberpunk 2077 surpassed 10 million copies sold worldwide within just over 20 months since its release. The Witcher 3: Wild Hunt celebrated its tenth anniversary, with global sales exceeding 60 million copies and generating PLN2.4 billion in revenue. The company's development team has grown to over 730 developers, with 420 focused on The Witcher 4, which is in production, while Cyberpunk 2 has moved into preproduction. Financially, CD PROJEKT reported Q1 2025 sales revenue of PLN226 million, consistent with the previous year, and a net profit of PLN86 million, with a group net profitability of 38%. They also proposed a dividend of nearly PLN100 million from 2024 profits and a share buyback program valued at around PLN20 million.
Phantom Liberty Expansion Success
The Phantom Liberty expansion for Cyberpunk 2077 has surpassed 10 million copies sold worldwide since its release in September 2023, demonstrating the expansion's quality and the enduring appeal of the Cyberpunk franchise.
The Witcher 3: Wild Hunt Sales Milestone
The Witcher 3: Wild Hunt has now sold over 60 million copies globally, contributing PLN2.4 billion in revenue over the past decade, establishing it as one of the best-selling games of all time.
Strong Financial Performance
CD PROJEKT reported a net profit of PLN86 million for Q1 2025 with an EBIT increase of 18% year-over-year, supported by strong sales and strategic amortization decisions.
Dividend and Share Buyback Plans
CD PROJEKT proposed a dividend of nearly PLN100 million and a share buyback to settle its incentive program, reflecting a strong cash position and confidence in future performance.
Operator
Ladies and gentlemen, thank you for standing by, and I would like to welcome you to CD PROJEKT's Q1 2025 Earnings Conference Call on the 28th of May. At this time, all participants lines are in a listen-only mode. The format of the call today will be a presentation by the management team followed by a question-and-answer session. So without further ado, I would now like to pass the line to Mr. Michał Nowakowski, the Joint Chief Executive Officer of CD PROJEKT. Please go ahead, sir.
Michał Nowakowski
Hello. Good afternoon. My name is Michal Nowakowski, and I'll be your host during today's conference where we sum up the first quarter of 2025. I will be co-presenting with Piotr Nielubowicz. After the presentation, we will invite you to participate in a Q&A session where we will be joined by Karolina Gnas, our VP and Head of Investor Relations. Starting off, please let me highlight some truly exciting news for Cyberpunk 2077. On April 2, during the highly anticipated Nintendo Direct conference, we revealed that Cyberpunk 2077 Ultimate Edition would be a launch title for the brand-new Nintendo Switch 2 debuting alongside the console on June 5, 2025, which is just a week away. This is a milestone moment for us, marking the very first time one of our games will be a launch title on a new platform.
The anticipation surrounding Nintendo's Switch 2 is immense, and we believe this presents a fantastic opportunity to introduce the world of Night City to a whole new wave of players. And this isn't just a simple part. Our teams have worked diligently to tailor the Cyberpunk 2077 Ultimate Edition experienc...
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