{"id":121327,"date":"2020-11-25T21:15:00","date_gmt":"2020-11-25T21:15:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/374345"},"modified":"2020-11-25T21:15:00","modified_gmt":"2020-11-25T21:15:00","slug":"the-bulk-of-cd-projekts-27-9-million-in-q3-revenue-came-from-the-witcher-3","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2020\/11\/25\/the-bulk-of-cd-projekts-27-9-million-in-q3-revenue-came-from-the-witcher-3\/","title":{"rendered":"The bulk of CD Projekt&#8217;s $27.9 million in Q3 revenue came from The Witcher 3"},"content":{"rendered":"<p dir=\"ltr\" id=\"docs-internal-guid-6ea74f5b-7fff-2e0a-f80b-dca159415206\"><span>Despite being half a decade old at this point, <em>The Wticher 3 <\/em>continues to print money for CD Projekt, with the company reporting <em>Witcher<\/em>-driven increases in both revenue and profit despite costs related to<em> Cyberpunk 2077<\/em>&#8216;s most recent (and seemingly final!) delay. <\/span><\/p>\n<p dir=\"ltr\"><span>The company as a whole reported PLN 104.5 million (~$27.9 million) in sales revenue for the three months ending September 31, with CFO <\/span>Piotr Nielubowicz<span> noting that &#8220;the bulk&#8221; of CD Projekt&#8217;s revenue once again came from sales of <em>The Witcher 3<\/em>.<\/span><\/p>\n<p dir=\"ltr\"><span>Sales revenues as a whole is up roughly 12 percent from last year&#8217;s <\/span><span class=\"DFlfde SwHCTb\" data-precision=\"2\" data-value=\"2.4789591675E7\">$24.8 million<\/span><span>. Revenue from sales of products came in at $16.5 million, up from $12.6 million, revenues from sales of services at <\/span><span class=\"DFlfde SwHCTb\" data-precision=\"2\" data-value=\"124630.54094\">$124,630<\/span><span>, down from $<\/span><span class=\"DFlfde SwHCTb\" data-precision=\"2\" data-value=\"635428.8988000001\">635,428<\/span><span>, and revenue from sales of goods and materials at $11.3 million down from $11.6 million.<\/span><\/p>\n<p dir=\"ltr\"><span>&#8220;Sales of <em>The Witcher 3 <\/em>on all four hardware platforms continued to account for the bulk of our revenues,&#8221; said Nielubowicz in a video update on CD Projekt&#8217;s Q3. In that, he also notes that the <em>Witcher<\/em> series as a whole is a driving force behind the company&#8217;s results.<\/span><\/p>\n<p dir=\"ltr\"><span><em>Gwent<\/em> alone saw a 608 percent increase in revenue compared Q3 last year, something CD Projekt attributes to its semi-recent arrival on iOS, Android, and Steam. <\/span><\/p>\n<p dir=\"ltr\"><span>Profit for the quarter is up 60 percent year-over-year at $6.1 million, even as CD Projekt&nbsp; increased marketing for Cyberpunk 2077, GWENT, and <em>The Wticher 3<\/em> drives its spending in its selling costs segment up 14 percent year-over-year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite being half a decade old at this point, The Wticher 3 continues to print money for CD Projekt, with the company reporting Witcher-driven increases in both revenue and profit despite costs related to Cyberpunk 2077&#8216;s most recent (and seemingly final!) delay. The company as a whole reported PLN 104.5 million (~$27.9 million) in sales [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":121328,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-121327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/121327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=121327"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/121327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/121328"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=121327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=121327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=121327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}