CD Projekt Looking For Bounceback After Rough 2021

CD Projekt endured a brutal 2021 but has room for optimism with major releases on the horizon. The Polish gaming studio best known for Cyberpunk 2077 and The Witcher series, saw revenues plunge 58% year-over-year in 2021 to $209.7 million. Net income dropped 82% year-over-year to $49.3 million.

CD Projekt pushed back its planned release for PlayStation 5 and Xbox Series X versions of The Witcher 3: Wild Hunt but maintained that the release would not face lengthy delays.

“There have been a lot of insinuations that we’re going to launch June of next year. That’s completely not the case,” said a representative for CD Projekt Red, the division that produces The Witcher series.

The Witcher series has sold over 65 million copies worldwide. Over 40 million of those copies are from Wild Hunt, which came out in 2015.

CD Projekt’s biggest recent gaffe came courtesy of its December 2020 release of Cyberpunk 2077, which was so riddled with bugs and glitches that Sony temporarily removed it from the PlayStation store. CD Projekt spent $280 million to make the game. 

CD Projekt hopes for a smoother year in 2022 and is counting on an unnamed, upcoming project with Epic Games and its Unreal Engine to make those goals a reality.

(All information was provided by Front Office Sports)

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