CD Projekt first-half net profit falls 9%

(Reuters) -Poland’s largest game developer CD Project on Thursday, due to higher sales costs and more tax payment, due to the previous year, a half -year net profit decreased by 8.9%.

The net profit was 155.0 million Zloty ($ 42.6 million), and the analysts defeated 152 million Zloty expectations in a Reuters survey.

Period income increased by 443% annually to 443.0 million Zloty.

Franchise – Cyberpunk and Witcher, who broke two box office records in the CD Project portfolio.

“The Witcher 3: Wild Hunt,” The Witcher 4 “, the successor, the expected release date after 2026.

The continuation of Cyberpunk 2077 is in the pre -production stage.

The most important expenditures for the development projects that emerged in the first half of the year accepted Witcher 4, Cyberpunk 2 and Sirius projects under the development phase.

The biggest expenditures to participate in research on the Hadar project.

CD Project is currently faced with a period of a major game version and the income for the upcoming neighborhoods will come from the sales of existing games.

In November, a joint CEO Michal Nowakowski said that developing a big ticket AAA game from the moment the early ideas were discussed for the company took five to six years.

“The group’s income flow, Phantom Liberty expansion, Cyberpunk 2077 continues to dominate the company,” the company’s CFO Piotr Nielubowicz continues to dominate. ”

“We also continue to increase the investments made in ongoing projects – our expenditures on future versions have exceeded 240 million Zloty in the first half of the year,” he added.

(Reporting by Adrianna Ebert; Editing by Matt Scuffham)