CD Projekt confident it can self-fund all new game projects

CD Projekt is confident that it can fully self-fund all new projects and games, current multi-year, multi-game strategy will be independently financed.

1 minute & 46 seconds read time

CD Projekt Group is confident it can self-fund all 5 of its new video game projects, including a new Witcher trilogy.

CD Projekt confident it can self-fund all new game projects 11

Following 2015's best-selling The Witcher 3, and 2020's record-breaking Cyberpunk 2077, CD Projekt has been able to consistently generate high sales revenues from its games. During Cyberpunk's controversial launch, the company sold 13 million copies and made $541 million in sales--almost 5x the budget of the game. Alongside a multi-faceted business model that includes a fully-fledged software distribution storefront, the sci-fi shooter's performance helped CD Projekt amass a significant asset pile to fund future games and growth.

Cyberpunk 2077 has seen various price fluctuations and re-releases, including steep discounts post-launch, a game-of-the-year-style re-release for next-gen consoles, and the standalone launch of the Phantom Liberty expansion. The company also re-released The Witcher 3 for PS5 and Xbox Series X/S. This cyclical product slate is often used in the industry, and it's a key part of CD Projekt's business model.

Armed with years of successful game sales across both retail and digital channels, CD Projekt management believes that there's plenty of funds for its large multi-year project slate. This plan includes video games and transmedia.

In a recent interview with Polish newspaper Parkiet, CD Projekt CEO Adam Kicinski talks about the firm's financial guardrails that help ensure long-term success and continued investment:

"There have been various difficult situations in the history of CD Projekt so far. We have drawn conclusions from them and have been operating on the principle of having large buffers for years. We feel safe with the cash we have.

"Our strategy is well calculated. We believe that we will implement it from start to finish using our own funds. We do not need to reach for additional sources of financing."

The news comes shortly after Kicisnki said that CD Projekt has no intention of being acquired by a larger company.

As per a Q3 2023 results filing made last month, the company currently has over $600 million in assets.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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