In both a financial sense and in the public's perception of the company, CD Projekt Red has suffered dramatically since it launched Cyberpunk 2077. It cannot be said, however, that they haven't attempted to make up for it. The company has released a confusing graph that they claim illustrates how much their updates have helped, but there is no way to gauge its effectiveness.
Based on the company's recently released financial report for the first quarter of its fiscal year 2021, sales are not increasing. The company's net profit has declined by 64.7% due to ongoing efforts to fix Cyberpunk 2077, which had such a disastrous launch that it was removed from the PlayStation Store and has not been reinstated.
CD Projekt Red aims to work on future projects while fixing Cyberpunk 2077
Like other companies, CD Projekt Red expected to gain more profits last year. The pandemic caused an unusual increase in sales in 2020. In general, lockdowns made it more likely that people would buy games, even games five years old, such as The Witcher 3. Since the lockdowns have ended and people have returned to work and school, game sales have also decreased.
The developers of Cyberpunk 2077 have done a lot since releasing the game. They are not stupid. Below you'll find a few examples of how they've earned money by partnering with other businesses.
- The Witcher Board Game adds more stretch goals after exceeding $3M on Kickstarter
- Cyberpunk 2077: Militech Spiderbot "FLATHEAD" Statue is available for pre-order
- Cyberpunk 2077 Watch featuring Johnny Silverhand Charging Stand
Despite that, CD Projekt Red is still making money, and its Q1 report indicated that it is planning for the future. There are dollars marked for "involvement in new, future projects" buried within the consolidated financial report. Moreover, a sentence indicates that the "parallel development of two AAA games" will begin in 2022.
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Chief Financial Officer Piotr Nielubowicz gave this statement to Reuters:
"Lower than usual net profitability is mainly due to continuing depreciation of Cyberpunk 2077 development expenditures, work on updating the game, and R&D activities related to future projects."
Besides developing new games, CD Projekt plans to explore possible acquisitions of other studios. Having collaborated with Vancouver-based studio Digital Scapes since 2018, CD Projekt acquired that company last March, and the two companies will work together on future projects.
More CD Projekt Red & Cyberpunk controversy: Cyberpunk 2077 lawsuit to be filed with the court in June
A new Witcher mobile game titled The Witcher: Monster Slayer is set to release this summer, and the current-gen updates to both The Witcher 3 and Cyberpunk 2077. Monster Slayer is a location-based AR game similar to Pokemon Go, except that you kill the monster instead of capturing it.