CD PROJEKT wraps up the third quarter of 2025

 

  • The Group’s sales revenues in Q3 2025 reached 349 million PLN, which represents a 53% year-over-year increase.
  • Consolidated net earnings during the reporting period stood at 193 million PLN – 2.5 times more than during the corresponding period of the previous year, which results in a net profitability of 55%.
  • Q3 investments in future releases amounted to 118 million PLN.
  • Total sales of Cyberpunk 2077 surpassed 35 million units.

The CD PROJEKT Group’s sales revenues in the third quarter of 2025 were mainly affected by ongoing strong sales of games from its back catalogue; primarily Cyberpunk 2077 and its Phantom Liberty expansion. These strong sales allowed Cyberpunk 2077 to clear another notable sales threshold during the reporting period.

“We are very happy and satisfied with the fact that – despite the passage of time – Cyberpunk 2077 remains such a well performing title and continues to attract new players. Sales of the game have exceeded 35 million copies, which testifies to the franchise’s enduring power and enables us to be even more audacious about charting its future” – says Michał Nowakowski, Joint CEO of CD PROJEKT.

The reported increase in the CD PROJEKT Group’s revenues in Q3 2025 was due to better performance of Cyberpunk 2077 and Phantom Liberty on existing platforms (compared to the year before), as well as the inclusion – in July 2025 – of the game’s base edition in the PlayStation Plus Extra and Premium subscription services, coupled with its launch on additional platforms: Nintendo Switch 2 and Mac devices.

This 2.5-fold improvement in the Group’s net earnings, along with our overall net profitability, which reached 55% in the third quarter, proves the effectiveness of our games’ lifecycle, which supports sales. Owing to strong cash flows from our core business, we are able to make bold investments in future projects, and continue developing our Boston team, which will power our further growth” – remarks Piotr Nielubowicz, CFO of CD PROJEKT.

In the third quarter of 2025 the CD PROJEKT Group’s operating activities generated 237 million PLN in positive cash flows. Despite having paid nearly 100 million PLN in a dividend, implementing a share buy-back program, and investing in future releases, the Group’s financial standing remains strong. At the end of September, the Group held a total of 1.408 billion PLN in cash, bank deposits and liquid T-bonds.