While the gaming industry is still figuring out how business works during the COVID-19 pandemic, CD Projekt Red is prepared to weather the storm. Today, the company announced its financial report for 2019, including updates on Cyberpunk 2077. Cyberpunk 2077 was originally scheduled for release on April 16, 2020, before CD Projekt Red delayed the game back to September 17, 2020. In a message to shareholders, CD Projekt Red CEO Adam Kiciński committed to the September release of the studio's next title.
"Since mid-March we have been working from home, while ensuring continuity of all our of operations. Our goals haven’t changed; first and foremost, we intend to release Cyberpunk 2077 in September," says Kiciński. "We feel motivated and have the necessary tools at our disposal to meet this goal."
The company also offered up some new details about sales of The Witcher 3: Wild Hunt. CD Projekt Red cited the "excellent" sales of The Witcher 3 for 2019, partially because of the "high acclaim" of Netflix's Witcher series and the release of the game on Nintendo Switch. Despite being released in October 2019, The Witcher 3 on Switch accounted for 11% of total sales of The Witcher 3 in 2019; PC led with 53% of sales, followed by PlayStation 4 with 26% and Xbox One with 10%. Across all platforms, 82% of The Witcher 3 copies sold were digital.
In terms of pure revenue, CD Projekt Red landed at 521 million PLN ($125 million), up 44% percent from last year. Profits were also up, totaling 175 million PLN ($42 million). The studio intends to keep the momentum up by focusing on its dual franchises: The Witcher and Cyberpunk. The shareholders report touts the "migration towards a dual franchise model," backed up by other "independent product lines."
Last year, the studio entered into a new deal with The Witcher author Andrzej Sapkowski, giving the company new rights to the franchise. This year, The Witcher 3 passed Steam's new $50 million sales threshold, giving the developer an 80/20 revenue split, instead of the standard 70/30 split. And given the dual franchise model, the studio is still deciding whether its next title is more Cyberpunk or a brand-new Witcher game. And we'll be waiting for those games, just like we're waiting for the second season of The Witcher on Netflix.