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Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
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CD Projekt (CDR) investor relations material
CD Projekt Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary28 Aug, 2025
Executive summary
H1 2025 sales revenue rose 4% year-over-year to PLN 443 million, driven by new product launches and strong performance of key franchises, including Cyberpunk 2077: Ultimate Edition and The Witcher 4 tech demo.
Net profit for H1 2025 was PLN 155 million, down 9% year-over-year, with net profitability at 35%.
EBIT rose 20% year-over-year to PLN 168 million.
Workforce grew by 10% to nearly 800 developers, mainly for The Witcher 4 and Cyberpunk 2 projects.
Announced a new Cyberpunk anime series, Headrunners 2, in partnership with Netflix and Studio Trigger.
Financial highlights
Gross profit on sales increased 10% year-over-year to PLN 344 million, with a gross margin of 77.6%.
Sales of goods and materials grew 28%, mainly from physical Cyberpunk Ultimate Edition cartridges for Switch 2.
Operating costs grew 2% year-over-year, with selling expenses up 28%.
Financial reserves/cash, deposits, and bonds decreased by PLN 45 million, totaling PLN 1.43 billion as of June.
Dividend payout of PLN 99.9 million (PLN 1 per share) approved and paid in July 2025.
Outlook and guidance
Ongoing investment in development projects, with increased headcount and focus on new titles including The Witcher 4 and Cyberpunk 2.
Continued expansion into new platforms and digital channels expected to support future growth.
Management confirmed the going concern assumption for at least 12 months post-reporting date.
Why did income tax expense increase significantly?
What drove the increase in goodwill?
Explain the significant dividend payment in H1 2025.
Witcher 4 tech demo: How does it shape future dev?
Switch 2 sales: Impact of physical vs. digital?
Future dev expenditure growth expectations?
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Next CD Projekt earnings date
Q3 202526 Nov, 2025
Next CD Projekt earnings date
Q3 202526 Nov, 2025
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Frequently asked questions
CD Projekt S.A. operates in the development and digital distribution of videogames for personal computers and video game consoles. The company's Witcher franchise includes game series based on concepts developed by Andrzej Sapkowski. It also develops non-game related products and services, including the GOG.com service that sells digitally distributed games, regardless of platform or device; comic books and graphic novels; production of movie and television content; video games distribution services, as well as online entertainment services that comprise gaming-related forums.
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