Last week The CD Projekt Group published their 2016 earnings, revealing details that included the fact that since the release of the original game, The Witcher series has sold over 25 million copies.
The CD Projekt Group includes both the independent developer CD Projekt Red and their digital game sales platform GOG.com. The group’s sales continues to feature heavy numbers of sales of The Witcher 3: Wild Hunt, which released in May 2015, and the second expansion Blood and Wine, which released in May 2016.
The group reported 251 million PLN ($62.8 million) in net profit, and 584 million PLN ($146.1 million) in sales revenues for 2016. They also added that over 1.5 years, cumulatively, The Witcher 3: Wild Hunt has made 1 billion PLN ($250 million) in sales. The company’s capitalization has also reached $1 billion in the first half of fiscal year 2016.
Piotr Nielubowicz, Vice President for Financial affairs said that the strong market position that The Witcher 3: Wild Hunt has held since its release helped the second expansion, Blood and Wine, in its commercial success. Net profit in 2016 was 25% less compared with the 2015 figure, when the group’s largest product, The Witcher 3, released, which is still impressive considering they have not released a new game during 2016. He added that thanks to the success of the last two years the Group has been able to pursue new ventures, such as the new standalone version of GWENT, currently in beta for PC and PS4. Finally, he also mentioned Cyberpunk 2077 among the group’s new ventures, but CD Projekt Red is being very careful to stay quiet on the subject of this exciting new title.
Total development costs in 2016 were 62 million PLN ($15.5 million), 52 million PLN ($13 million) alone was spent on projects in progress. The group was able to post 204 million PLN ($51 million) in positive cash flow, even with the expense of Blood and Wine, GWENT, and Cyberpunk 2077, two of which are still being developed, requiring incredibly manpower from CD Projekt Red.
The group’s statement ended by saying they were planning the first GWENT tournament, with a prize pool of $100,000. The retail version will release in 2017, while the second round of beta testing continues throughout spring.