All publications by tag «CD Projekt Red»
CD Projekt reports record Q3: profit up over 500% on strong Cyberpunk 2077 sales
CD Projekt has released a financial report for the three months ended September 30. It was a record Q3 in the company’s history, all thanks to the success of Cyberpunk 2077. The company also updated information on its upcoming games.
CD Projekt’s updated strategy: 7 new games in pipeline, flywheel approach, more mobile titles, and new US office
CD Projekt has shared new details about its updated strategy. The company several games in its pipeline, including a brand new IP. It also plans to expand its brands into new mediums and partner with third-party teams.
CD Projekt on switching to Unreal Engine 5: “It’s a perfect match for us to use this technology”
CD Projekt has shared some details about its content plans and business operations in the latest earnings call with investors. The company opened up about switching to Unreal Engine 5, the new Witcher saga, and the future of Cyberpunk 2077.
CD Projekt and Xsolla partner with GamesForest.Club to protect forests
GamesForest.Club, a non-profit company helping the games industry invest in carbon absorption, recently partnered with two game companies. Xsolla and CD Projekt will join the organization to protect forests in Europe and South America.
CD Projekt to pay shareholders over $20 million in dividends, five times less than in 2021
CD Projekt has revealed the amount of dividend payments to its shareholders. They will receive over $20 million, which is almost half of the company’s annual profit but five times less compared to the previous year.
Quantic Lab says report on Cyberpunk 2077’s QA issues lacked “understanding in the process of how a game is tested”
CD Projekt’s QA partner Quantic Lab has responded to allegations that it misled the Polish developer to keep an outsourcing contract for Cyberpunk 2077. The Romanian company noted that this report lacked understanding of the whole game testing process.
Report: CD Projekt devs blame mismanagement for Cyberpunk 2077 bugs, not QA company Quantic Lab
It’s been reported that QA company Quantic Lab could have deceived CD Projekt and failed at testing Cyberpunk 2077. However, several CDPR devs have claimed that they knew about the bugs, blaming mismanagement for the game’s state.
GWENT mobile revenue dropped by 33% following CD Projekt’s decision to suspend sales in Russia
The mobile version of GWENT has seen its earnings decline by around a third since February. This was partly caused by CD Projekt’s decision to suspend sales in Russia, which was one of the game’s main revenue drivers.
Analysts recommend selling CD Projekt shares, lowering target price to 2017 levels
CD Projekt has been struggling to recover from Cyberpunk 2077’s botched launch. Analysts have once again lowered their recommendations on the company’s share price, taking into account the Polish developer’s latest actions.