Video games are doing great in Poland. There are around 400 developers and publishers in the country, with CD Projekt currently being the most valuable video game company in Europe. But now the Polish government is upping this game…
CD Projekt disclosed sales figures for The Witcher trilogy. Over 13 years, the trilogy has sold 50 million copies.
CD Projekt’s market capitalisation has reached $8.13 billion, which makes the Polish developer and publisher the most valuable video game company in Europe.
CD Projekt announced its plans to diversify how it manages surplus cash. The company is going to invest it in treasury bonds.
In the 2019 financial year, CD Projekt’s revenue reached zł521m ($124.9m), up 44 percent from the previous fiscal year. Profit for the period hit zł175m ($41.9m) in a 66 percent increase.
Patria Finance analyst Martin Cakl, who focuses on the stock market in Poland, shared his views on the future of CD Projekt.
4 years after the release, The Witcher 3: Wild Hunt breaks its own record. Its peak concurrent player number on Steam has exceeded 94,000.
CD Projekt has posted a return of 21,000% since the end of 2009, the biggest surge by far of any stock in the Stoxx Europe 600 Index.
The management of CD Projekt told investors that it was not afraid of the competition with Half-Life: Alyx. The Cyberpunk 2077 makers also expressed doubt regarding business viability of VR games as mass-market entertainment.