Cyberpunk 2077 Developer/Publisher CD Projekt Reports First Quarter Net Profits Down 64.7%

Being unable to sell the game on the PlayStation Store is listed as being a major reason for the publisher's profit slump.

Posted By | On 31st, May. 2021

Cyberpunk 2077_01

The bad new surrounding Cyberpunk 2077 and CD Projekt Red just doesn’t stop these days. CD Projekt Red is still trying to get Sony’s approval to return the game to the PlayStation Store, the game’s second director and head of production resigned due to accusations of bullying, and despite several patches, the game is still pretty buggy.

CD Projekt SA has reported that the company’s first quarter net profits are down more than 50% – 64.7% if we’re being precise – in the first quarter from the previous year, the company reported today. CD Projekt SA did not say how many units Cyberpunk 2077 sold in the first quarter, but did say “that about 60% of first-quarter product sales came from Cyberpunk sales.”

The game’s five-month absence from the PlayStation Store and CD Projekt’s reluctance to report how many units were sold probably means that sales weren’t very good. According to Reuters, who reported the news, “net profit in the first quarter fell 64.7% to 32.5 million zlotys, well below the 80 million zlotys expected by analysts, impacted by depreciation of Cyberpunk 2077 development expenditures and work on fixing the game. Revenue fell 2% to 197.6 million zlotys ($53.94 million). Selling costs rose 79.6% to 62.1 million zlotys in the quarter.”


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

PS5 Slim Shown in Alleged Leaked Footage

PS5 Slim Shown in Alleged Leaked Footage

The new PlayStation 5 model will reportedly allow users to replace one of its side panels with a detachable di...

Outriders Developer People Can Fly is Working on a New VR IP

Outriders Developer People Can Fly is Working on a New VR IP

A newly published job ad states that the studio behind Outriders and Bulletstorm is working on a new VR-exclus...

Pokemon Scarlet and Violet DLC Trailer Reveals Returning Starter Pokemon, New Moves, and More

Pokemon Scarlet and Violet DLC Trailer Reveals Returning Starter Pokemon, New Moves, and More

The likes of Totodile, Chimchar, Squirtle, Snivy, Treecko, and other starter Pokemon from past generations hav...

Forza Motorsport Trailer Introduces New Track Grand Oak Raceway

Forza Motorsport Trailer Introduces New Track Grand Oak Raceway

Turn 10 Studios has revealed one of five new tracks that will make their debut in the upcoming racing sim.

Tekken 8 Receives Age Rating in South Korea

Tekken 8 Receives Age Rating in South Korea

Bandai Namco has previously said the fighting title will be out before April 2024, but a specific release date...

Overwatch 2 is Currently Steam’s Lowest-Rated Game of All Time

Overwatch 2 is Currently Steam’s Lowest-Rated Game of All Time

The multiplayer shooter has been met with widespread criticism instantly upon its Steam release, with only 9% ...