Q3 2025 CD Projekt SA Earnings Call Transcript
Key Points
- Cyberpunk 2077 surpassed 35 million copies sold, marking a significant milestone for CD Projekt SA (OTGLF).
- The introduction of Cyberpunk 2077 to PlayStation Plus Extra and Premium catalog has expanded the game's reach to new player groups.
- The Boston hub for Cyberpunk 2 development has grown to over 80 members, with plans to double the team size in the next two years.
- CD Projekt SA (OTGLF) reported a 53% increase in group sales revenue for Q3 2025 compared to the same period last year.
- Net profit for Q3 2025 reached PLN193 million, two and a half times higher than the previous year.
- Revenues from sales of The Witcher games were lower compared to the previous year.
- The cost of goods for resale and materials sold increased, impacting overall expenses.
- There is a hit to current sales of Cyberpunk 2077 on PlayStation 5 due to its availability on PlayStation Plus.
- The company faces geographical and operational complexity due to the expansion of the Boston hub.
- The development of Cyberpunk 2 is still in the pre-production phase, with no immediate transition to the next stage.
Ladies and gentlemen, thank you for standing by, and I would like to welcome you to CD Projektâs third quarter 2025 earnings conference call.
I will now pass the line to Michal Nowakowski, Joint CEO of CD Projekt.
Okay, thank you, and good afternoon, everyone. My name is Michal Nowakowski, and Iâll be your host during todayâs conference dedicated to the CD Projekt Groupâs financial results for the third quarter of 2025. I will be co-presenting with Piotr Nielubowicz, and after the presentation, we will traditionally invite you to participate in a Q&A session where weâll be joined by Karolina Gnasz, our VP and Head of Investor Relations.
Starting off, Iâm thrilled to announce that just on the eve of its fifth anniversary, Cyberpunk 2077 has just surpassed the 35 million copies sold milestone. This is not only a remarkable achievement for us, but also a powerful testament to the strength of the franchise and the effectiveness of our business
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