CD Projekt, the renowned developer behind hits like Cyberpunk 2077 and The Witcher series, recently hosted its fiscal year 2023 earnings conference, shedding light on the future of their games and business ventures.
During the conference, key figures such as joint Chief Executive Officer Michał Nowakowski, Chief Financial Officer Piotr Nielubowicz, and Chief Strategy Officer Adam Kiciński provided valuable insights into the company's progress.
One of the most exciting revelations was that the Cyberpunk 2077 franchise alone has raked in a staggering 3 Billion PLN in revenue since its launch, equivalent to approximately $752 million. This success showcases the enduring popularity of CD Projekt's games.
The roadmap for upcoming projects at CD Projekt looks promising. Their mainline Witcher game, codenamed Polaris, is currently in pre-production and is slated to enter full production in the latter half of the year. Despite being a Witcher title, the developers emphasize that Polaris will introduce fresh gameplay elements and mechanics, ensuring a unique experience for players.
Additionally, another Witcher game titled Sirius, developed by The Molasses Flood, is in the early pre-production phase. Meanwhile, the highly-anticipated Witcher remake, Canis Majoris, helmed by Fool's Theory, is still in the conceptual stage and aims to leverage Unreal Engine 5 for a complete overhaul.
On the Cyberpunk 2077 front, a new game dubbed Orion is currently in the conceptual phase under the supervision of seasoned developers with experience on Cyberpunk 2077 and . The team in Boston handling this project is on the lookout for top-tier developers with AAA backgrounds to olster their ranks.
Furthermore, a new IP known as Hadar is slowly taking shape, with a dedicated team diligently laying its groundwork. With a total of 627 developers on board, CD Projekt is strategically expanding its talent pool to support these ambitious ventures.
Financially, 2023 marked a milestone for CD Projekt as it recorded its second-best revenue year and sustained growth for the second consecutive year. The company witnessed a 29% increase in revenue and a 39% rise in net profit compared to the previous year.
CD Projekt is also exploring new avenues by considering licensing its IPs to third-party partners for mobile game development. While discussions with potential partners are underway, no concrete announcements have been made yet.
An interesting development is CD Projekt's interest in leveraging generative AI in game development to optimize workflows and enhance developer capabilities without significantly expanding team sizes. This strategic move aligns with the company's vision of innovation and efficiency while maintaining a manageable team structure.
Don’t miss out on what else we’ve got on XP Gained!
We offer daily Xbox, Playstation, Nintendo, PC , Steam Deck and other Gaming News. We have it all covered.
Sign up to comment or follow us on X (formerly Twitter).
