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CD Projekt Beats Estimates as Cyberpunk-Tainted Year Wraps Up
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CD Projekt SA reported stronger-than-expected earnings for last year as Poland’s biggest computer-game studio managed to overcome the fallout from the botched release of its flagship Cyberpunk 2077 game.
Net income for 2021 fell 82% to 208.9 million zloty ($48.7 million), above the 202 million zloty in the Bloomberg survey of 20 analysts. Operating income dropped 80% to 232.9 million zloty, while sales declined 58% to 888.2 million zloty, compared with an estimate of 889.6 million zloty. The company reported record net income of 1.15 billion zloty in 2020 following the Cyberpunk release in December that year.