CD Projekt SA reported stronger-than-expected earnings for final year as Poland’s largest computer-game studio managed to beat the fallout from the botched launch of its flagship Cyberpunk 2077 recreation.
Net revenue for 2021 fell 82% to 208.9 million zloty ($48.7 million), above the 202 million zloty within the Bloomberg survey of 20 analysts. Operating revenue dropped 80% to 232.9 million zloty, whereas gross sales declined 58% to 888.2 million zloty, in contrast with an estimate of 889.6 million zloty.
The firm reported document internet revenue of 1.15 billion zloty in 2020 following the Cyberpunk launch in December that year.
The 1.2 billion-zloty manufacturing turned out to be much less profitable than anticipated as purchasers complained about quite a few glitches within the recreation.
Since the discharge and the sport’s suspension from the Sony Corp.’s PlayStation retailer, the corporate has managed to repair many of the points and launch a model for the following technology consoles earlier this year, which ought to increase gross sales.
However, as its subsequent high-budget manufacturing – the upcoming Witcher recreation – continues to be at an early stage, the studio simply hit one other impediment in its 2022 plans after it introduced late on Wednesday it’s delaying the discharge of the Witcher 3: Wild Hunt for next-gen consoles past the second quarter. The shares fell 1.7% on Thursday. – Bloomberg
