CD Projekt Profits Surge 90%: Cyberpunk 2077, The Witcher 3 Drive $109 Million In Sales
Portfolio Pulse from Franca Quarneti
CD Projekt ADR (OTC:OTGLY) reported a 90% surge in profits for the first half of 2024, driven by strong sales of Cyberpunk 2077 and The Witcher 3. The company saw a 30.7% increase in sales, reaching $109 million, and net profits rose to $43 million. CD Projekt is also investing in new projects, including the next Witcher and Cyberpunk installments.
August 29, 2024 | 8:54 pm
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CD Projekt ADR (OTC:OTGLY) experienced a significant 90% increase in profits for H1 2024, largely due to the success of Cyberpunk 2077 and The Witcher 3. Sales rose by 30.7% to $109 million, and the company is investing in future projects.
The substantial increase in profits and sales indicates strong financial health and growth potential for CD Projekt. The continued success of their flagship games and investment in future projects suggest a positive outlook, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100