[EN] CD PROJEKT Group FY 2023 earnings conference - audio webcast
3 min read
6 months ago
Published on Apr 24, 2024
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Table of Contents
Step-by-Step Tutorial: CD PROJEKT Group FY 2023 Earnings Conference Highlights
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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.
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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.
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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.
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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.
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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.
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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.
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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.