Latest news with #PhantomLiberty
Geek Culture
3 days ago
- Business
- Geek Culture
CD Projekt's 'Cyberpunk 2' Sequel Enters Pre-Production, Won't Be Out Until 2030
CD Projekt has announced that its follow-up to 2020's Cyberpunk 2077 , simply known as Cyberpunk 2 , has entered the pre-production phase of development. The studio made the announcement as part of its latest financial announcement, which also highlighted the latest sales milestone for the original game's expansion, Phantom Liberty , which has sold 10 million copies to date. 'Given these developments, it fills me with even greater satisfaction to announce another important stage in our work on the next big game in this franchise,' said chief financial officer Piotr Nielubowicz, 'Several weeks ago, Cyberpunk 2 — previously referred to as Project Orion — wrapped up its conceptual phase and entered pre-production. Congratulations to the entire team!' While this reveal might be exciting, fans are in for a long wait, as the game is still far from being released. When responding to a question suggesting that the sequel will follow the original's development timelines, thus placing its release date somewhere between late 2030 and early 2031, Nowakowski did not disagree. 'I can reiterate in a way what I said in one of the previous calls, which was basically that our journey from pre-production to final release takes four to five years on average,' he explained. 'Having said that, keep in mind that each project is unique, and there are many variables that influence the final outcome. So I will not lead you into specific years, but yes, this is pretty much how it looks.' For now, it looks like Cyberpunk 2 is still a long way off, as all of CD Projekt's focus is still firmly set on The Witcher 4 , which is also not due out anytime soon, with the highly anticipated RPG only due out in 2027, leading to speculation that it would target next-gen consoles. Kevin is a reformed PC Master Race gamer with a penchant for franchise 'duds' like Darksiders III and Dead Space 3 . He has made it his life-long mission to play every single major game release – lest his wallet dies trying. CD Projekt Cyberpunk 2 Cyberpunk 2077
Yahoo
3 days ago
- Business
- Yahoo
CD Projekt SA (OTGLF) Q1 2025 Earnings Call Highlights: Strong Profitability Amidst Flat ...
Revenue: PLN226 million for Q1 2025, similar to the previous year. Sales of Goods and Materials: PLN45 million, an 11% growth driven by platform. EBIT: Nearly PLN96 million, an 18% increase from the previous year. Net Profit: PLN86 million for Q1 2025. Net Profitability: 38% overall, 47% for CD PROJEKT RED alone. Cash Reserves: PLN1.489 billion at the end of March 2025. Development Expenditures: Increased by nearly PLN90 million, mainly for The Witcher 4, Cyberpunk 2, and Sirius. Dividend Proposal: Nearly PLN100 million, PLN1 per share. Share Buyback Proposal: Up to 89,601 shares, valued at around PLN20 million. Warning! GuruFocus has detected 3 Warning Sign with OTGLF. Release Date: May 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cyberpunk 2077 Ultimate Edition will be a launch title for the new Nintendo Switch 2, marking the first time a CD Projekt SA game is a launch title on a new platform. The Phantom Liberty expansion for Cyberpunk 2077 has surpassed 10 million copies sold worldwide, demonstrating strong ongoing interest in the franchise. The Witcher 3: Wild Hunt has sold over 60 million copies globally, establishing it as one of the best-selling games of all time. CD Projekt SA's financial performance remains strong, with a net profit of PLN86 million for Q1 2025 and a proposed dividend of PLN100 million. The company has a robust development pipeline, with Cyberpunk 2 moving into preproduction and The Witcher 4 in the production phase, supported by a team of over 730 developers. Sales revenue for Q1 2025 remained flat compared to the previous year, indicating potential challenges in achieving growth. Operating costs have increased due to the implementation of a new ERP system and higher costs of incentive programs. The timeline for Cyberpunk 2 suggests a release date potentially as late as 2030 or 2031, indicating a long wait for the next installment. There is uncertainty regarding the impact of the Nintendo Switch 2 release on overall sales, with no specific guidance provided. The company has not provided updates on its mobile project with Scopely, indicating potential delays or challenges in development. Q: Would the Nintendo Switch 2 release lead to higher sales in Q2 2025 compared to Q1 2025, or would it balance out with other sales? Also, is it reasonable to expect Cyberpunk 2 to release around late 2030 or early 2031 based on the preproduction timeline? A: Piotr Nielubowicz, CFO: The Nintendo Switch 2 release should have a visible impact on our Q2 revenues, but I won't provide specific guidance on how much better it will be compared to Q1. A: Michal Nowakowski, CEO: Our typical journey from preproduction to release takes four to five years, slightly less than your estimate. However, each project is unique, so I won't specify exact years for Cyberpunk 2's release. Q: What do you mean by the three unannounced projects? Does this include projects like Hadar, which have been mentioned but not detailed? A: Michal Nowakowski, CEO: Unannounced projects are those not hinted at in any communication. Hadar is not one of these, as we've mentioned it before. The three unannounced projects are already in the development phase according to IFRS standards. Q: Can you provide an update on the mobile project with Scopely? A: Michal Nowakowski, CEO: Unfortunately, there's nothing more to share about the mobile project at this time. Q: How many of the three unannounced projects are gaming projects? A: Michal Nowakowski, CEO: Two of the unannounced projects are gaming projects, and one is not. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
UPI
4 days ago
- Entertainment
- UPI
'Cyberpunk 2': 'Cyberpunk 2077' sequel enters pre-production
Keanu Reeves provides the voice and likeness for the character Johnny Silverhand in the 2020 video game "Cyberpunk 2077." A sequel to the game, titled "Cyberpunk 2," is now in pre-production. File Photo by Jim Ruymen/UPI | License Photo May 28 (UPI) -- The Cyberpunk 2077 sequel is officially in the works at CD Projekt. The Polish video game company announced Wednesday that the new game, titled Cyberpunk 2, has entered the pre-production phase. In a post on social media, CD Projekt congratulated the sequel's team on the milestone. CD Projekt CFO Piotr Nielubowicz shared further details in a presentation about the company's Q1 2025 financial results. 96 of 730 developers are working on Cyberpunk 2 as of April 30, while 422 are focused on The Witcher 4, another highly-anticipated sequel. The original Cyberpunk was released in December 2020 and was followed by a DLC, Phantom Liberty, in September 2023. CD Projekt said Wednesday that Phantom Liberty has sold 10 million copies. The game features the voice and likeness of Keanu Reeves, who portrays Johnny Silverhand.
Asharq Al-Awsat
4 days ago
- Business
- Asharq Al-Awsat
Poland's CD Projekt's 'Cyberpunk 2' Enters Preproduction Phase
Poland's biggest game developer CD Projekt said on Wednesday that the next big game set in the Cyberpunk universe, "Cyberpunk 2", has entered the preproduction phase. "Cyberpunk 2", on which 96 developers were working at the end of April, is a sequel to "Cyberpunk 2077" which debuted in December 2020 and has sold more than 25 million copies so far. Total sales of Cyberpunk's "Phantom Liberty" expansion have meanwhile surpassed 10 million copies, CD Projekt said. The company's first-quarter net profit fell 14.1% year-on-year to 86.0 million zlotys due to paying more tax than in the year-earlier period, missing analysts' expectations of 95 million zlotys, as compiled in a Reuters poll. Revenue for the period was flat at 226.3 million zlotys. "Cyberpunk 2077" will also be available on the Nintendo Switch 2 when it launches on June 5. CD Projekt is currently in the production phase of "The Witcher 4", a successor to "The Witcher 3: Wild Hunt". The company sold over 60 million copies of "The Witcher 3" so far, which, together with expansions, generated 2.4 billion zlotys of revenue.
The Star
4 days ago
- Entertainment
- The Star
Poland's CD Projekt's "Cyberpunk 2" enters preproduction phase
FILE PHOTO: A bird flies in front of the Cd Projekt logo at its headquarters in Warsaw, Poland January 21, 2020. Picture taken January 21, 2020. REUTERS/Kacper Pempel/File Photo (Reuters) -Poland's biggest game developer CD Projekt said on Wednesday that the next "big" game set in the Cyberpunk universe, "Cyberpunk 2", has entered the preproduction phase. "Cyberpunk 2", on which 96 developers were working at the end of April, is a sequel to "Cyberpunk 2077" which debuted in December 2020 and has sold more than 25 million copies so far. Total sales of Cyberpunk's "Phantom Liberty" expansion have meanwhile surpassed 10 million copies, CD Projekt said. The company's first-quarter net profit fell 14.1% year-on-year to 86.0 million zlotys due to paying more tax than in the year earlier period, missing analysts' expectations of 95 million zlotys, as compiled in a Reuters poll. Revenue for the period was flat at 226.3 million zlotys. "Cyberpunk 2077" will also be available on the Nintendo Switch 2 when it launches on June 5. ($1 = 3.7533 zlotys) (Reporting by Adrianna Ebert; Editing by Kirsten Donovan)
