CD Projekt recently unveiled the third expansion for The Witcher 3, leading to a 6% rise in revenue to PLN 191 million ($52.5 million) in the first quarter.
Revenue from the Cyberpunk IP fell by 4% to PLN 140.1 million ($38.4 million), while revenue from the Witcher IP saw a 36% increase to PLN 44.7 million ($12.2 million).
The Witcher 3 has now sold over 65 million copies, with the upcoming expansion, Songs of the Past, being co-developed with Fool’s Theory and set to launch in 2027.
CD Projekt recorded a net profit of PLN 106 million ($29.1 million), slightly lower than the previous quarter’s PLN 111.7 million ($30.7 million).
Throughout the quarter, CD Projekt continued to focus on expanding the reach of its franchises.
Both Cyberpunk 2077 and The Witcher 3 – Complete Edition became available on Xbox Game Pass Premium and Ultimate, generating a significant revenue stream according to CFO Piotr Nielubowicz.
The company is well-equipped to intensify development work on multiple projects, with cash reserves of PLN 1.4 billion ($384.9 million) as of March.
Joint CEO Michał Nowakowski highlighted the importance of being part of various distribution channels and updating games for new hardware to expand the player base.
CD Projekt disclosed its game production cycle typically lasts between three to six years, with work on new projects often starting before the completion of previous ones.
The studio is currently working on several productions simultaneously, including collaborations with external teams, aiming to reduce the time between releases of future titles.