CD Projekt Red is worth $1 billion

That's a lot of Witcher 3 sales.

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Disclosing its financial report for the first half of 2016, CD Projekt Red reported a market capitalization of over 3.92 billion zloty, or $1.341 USD (via Gamasutra).

"The Group’s sales revenues and net financial result were dominated by continuing high sales of The Witcher 3: Wild Hunt and by the global release of the game’s second expansion – Blood and Wine," the company said.

Geralt of Rivia carried CDP to financial glory, but has closed the loop on The Witcher 3 and the series as a whole. Fortunately, the forthcoming Game of the Year Edition should put a few more bucks in company coffers; and besides, CDP has plenty of ideas for how to stay profitable between now and the release of Cyberpunk 2077, its next blockbuster title.

Namely, CDP wants to integrate online services for games like Gwent for online features like cross-platform support, and distribute its games in China through Chinese publisher GAEA. Those talks have already begun.

Long Reads Editor

David L. Craddock writes fiction, nonfiction, and grocery lists. He is the author of the Stay Awhile and Listen series, and the Gairden Chronicles series of fantasy novels for young adults. Outside of writing, he enjoys playing Mario, Zelda, and Dark Souls games, and will be happy to discuss at length the myriad reasons why Dark Souls 2 is the best in the series. Follow him online at davidlcraddock.com and @davidlcraddock.

From The Chatty
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    August 31, 2016 3:28 PM

    David Craddock posted a new article, CD Projekt Red is worth $1 billion

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      August 31, 2016 3:39 PM

      CD Project red is priceless

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      August 31, 2016 4:06 PM

      Good for them. Awesomeness should be rewarded.

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      August 31, 2016 4:30 PM

      Awesome. I felt guilty buying Witcher 3 on sale for $30 for how awesome the game is, glad it's been a financial success!

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        August 31, 2016 4:38 PM

        Why you think they mind? They make X amount and drop the price to grab more market share, you are a calculated happy sale!

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      August 31, 2016 4:32 PM

      How much of that billion is GOG's value? 50%? 70%? Or is GOG's value separate because it's a wholly owned subsidiary.

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        August 31, 2016 6:19 PM

        I'd assume GOG is factored into that and was probably the bulk of it. No way they'd be worth a billion if it was just the studio.

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        August 31, 2016 6:28 PM

        CD Projekt S.A. holds both Red and GOG and the reported financials are consolidated. GOG's revenue year to date is ~20% of the total, and its profits are ~4%.

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      August 31, 2016 4:55 PM

      How much is Rockstar worth?

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        September 1, 2016 7:30 AM

        Take Two $TTWO has a markte cap of $3.7b basically split between R* and 2K. I'd guess that's at least roughly split in half between the two. Rockstar has a big blockbuster every few years, but 2K shits out a ton of perennial sports titles that probably make them good money.

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      August 31, 2016 5:25 PM

      Will be interesting to see if CDPR will be able to walk away from Geralt and the Witcher in light of the last game...

      If Cyberpunk 2077 isn't a blockbuster, they may find themselves crawling back...

      Which I would be totally fine with.

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        August 31, 2016 6:14 PM

        While geralt is the fucking man, he isn't the reason witcher games are amazing

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          August 31, 2016 6:27 PM

          He's PART of why the game is amazing...

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            September 1, 2016 5:13 AM

            Not really, if Bethesda did the next Witcher game it would probably be a steaming pile of shit. Geralt is a cool character, but crafting an engrossing story requires talent.

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      August 31, 2016 11:26 PM

      jbury is credit to team!

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      September 1, 2016 1:54 AM

      I hope some of that money can be invested in improving the combat. While I love the lore, the combat and inventory management just kills it for me. It has improved over the three version but still feels clunky. Why can't they do it more like Dark Souls (combat only not the other mechanics).

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        September 1, 2016 6:56 AM

        Based on the rumors of Cyberpunk 2077 going full-on GTA (with physics based vehicle and robot modeling!), I'll be shocked if we don't see a huge improvement in the combat loop of the gameplay. Sounds like they really want to make a bonkers sci-fi action game on top of their strong RPG foundation.

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      September 1, 2016 5:12 AM

      Wow.

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      September 1, 2016 5:59 AM

      We need more companies like CD Projekt Red, that clearly take pride in the work they produce and are capable of putting out stellar content. It seems like the larger and more successful a company gets, the more they run in the opposite direction from these two tenets... I'm glad CDPR is hitting it out of the park.

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      September 1, 2016 7:19 AM

      That's 'cause der_Witcha 3 0wns your arse, briefcase dude/Craddock.

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      September 1, 2016 8:32 AM

      Good. They are doing things right and deserve success.

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      September 1, 2016 8:42 AM

      CDPR is making pc gaming great again

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      September 2, 2016 9:05 AM

      Well earned!