[EN] CD PROJEKT Group FY 2023 earnings conference - audio webcast

Step-by-Step Tutorial: CD PROJEKT Group FY 2023 Earnings Conference Highlights

1. Introduction and Highlights:

   • The speaker introduces themselves and talks about the success of Cyberpunk 2077 Phantom Liberty expansion.
   • The expansion received rave reviews and multiple industry awards, including two Golden Joysticks.
   • Sales of Phantom Liberty topped 5 million copies in 2023.
   • Cyberpunk 2077 Ultimate Edition was released, including the base game, expansion, and all updates and free DLCs.

2. Financial Performance:

   • Consolidated sales revenue reached 1.23 billion PLN in 2023, driven by Cyberpunk 2077 and Phantom Liberty.
   • Operating costs, selling expenses, and administrative expenses increased due to marketing, promotions, and new incentive programs.
   • Net profit for 2023 amounted to 481 million PLN, a 39% increase from the previous period.

3. Future Projects:

   • The company plans to kickstart a new trilogy with the Polaris project expanding the universe of past Witcher games.
   • Series The Game and Canis Boris, a remake of the first Witcher game, are in early pre-production phases.
   • Orion, the sequel to Cyberpunk 2077, is in the conceptual phase with a new team in Boston working on the project.

4. Employee and Project Updates:

   • The Polaris team has grown to over 400 developers, entering the production phase in the second half of the year.
   • The Sirius team is in the early pre-production phase, while the Orion and Ha projects are growing in size.
   • A new group of developers under shared services label provides additional capabilities for various projects.

5. Collaborations and Partnerships:

   • Collaboration with Anonymous Content for a live-action project set in the world of Cyberpunk was initiated.
   • Collaboration with GG and Amazon Luna aims to enhance game sales and developer exposure through a revenue share model.

6. Q&A Session Highlights:

   • Questions from analysts and investors focused on licensing IPs, development projects in 2024, employment levels, AI initiatives, and support for Cyberpunk 2077.
   • Responses highlighted considerations for licensing IPs, project timelines, team sizes, and the impact of AI on game development.

7. Closing Remarks:

   • The speaker thanked participants for joining the earnings conference and encouraged follow-up questions through the IR team.
   • The presentation concluded with well wishes and a goodbye message to the audience.

This step-by-step tutorial captures the key insights and highlights from the CD PROJEKT Group FY 2023 earnings conference, providing a comprehensive overview of the company's performance, future projects, collaborations, and responses to investor inquiries.