CD Projekt Sees a 49% Drop in Q3 2024 Sales Earnings: An In-Depth Analysis
Overall lifetime sales of Cyberpunk 2077 have reached 30 million units, while Phantom Liberty has achieved 8 million units sold.
CD Projekt Group disclosed its earnings for the third quarter of 2024 today, highlighting “robust sales” of Cyberpunk 2077 and The Witcher 3 despite a significant decline in sales revenue, dropping by 49% compared to the previous year, from €102.7 million ($107.5m) to €52.8 million ($55.2m).
Total sales of Cyberpunk 2077 have now reached 30 million copies, while its expansion, Phantom Liberty, has sold over 8 million copies.
Although sales of Cyberpunk 2077 and its expansion have decreased by 67%, The Witcher has experienced a 44% increase in sales year-on-year.
The Figures:
CD Projekt Group’s third quarter report for 2024:
- Sales revenue: Decreased by 49% year-on-year to €52.8 million ($55.2 million)
- Net profit: Dropped by 61% year-on-year to €18.1 million ($19 million)
The Key Takeaways:
Despite this quarter’s results reflecting a considerable decline compared to the same period last year, the company’s overall performance this year is down by 15%, falling from €178.1m ($186.4m) to €151.4m ($158.5m). Likewise, net profitability has also decreased by 14% so far during the fiscal year. Investments in research, development, and product maintenance expenses have risen by approximately 25% during this financial period.
Since July, the com