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CD Projekt Financial Report H1 2025: Cyberpunk 2077, Switch 2 Launch, and Future Plans

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CD Projekt has released its financial report for the first half of 2025, showing a revenue increase but a drop in profit.


The company continues to rely heavily on Cyberpunk 2077 and its expansion Phantom Liberty, while also investing heavily in upcoming projects like The Witcher 4 and Cyberpunk 2.


Key Highlights from CD Projekt’s H1 2025 Report

  • Revenue Growth

    • Sales revenue rose by 4.3% year-on-year, reaching PLN 443 million ($121 million).

    • Growth was fueled mainly by strong sales of Cyberpunk 2077, its expansion Phantom Liberty, and steady demand for The Witcher 3: Wild Hunt.

  • Profit Decline

    • Net profit dropped by 7.7%, from PLN 170 million ($46.5 million) in H1 2024 to PLN 155 million ($42.4 million) in H1 2025.

    • Rising development costs contributed to the profit dip.

  • Game Sales Milestones

    • The Witcher 3 surpassed 60 million copies sold worldwide, 10 years after launch.

    • Phantom Liberty sold 10 million copies within two years.

    • According to CFO Piotr Nielubowicz, revenue remains “dominated by Cyberpunk 2077 together with its Phantom Liberty expansion.”

  • Switch 2 Boost

    • Cyberpunk 2077 and Phantom Liberty launched on the Nintendo Switch 2 with a full 64GB physical cartridge instead of a key card.

    • 75.4% of Switch 2 sales were physical editions, with only 24.6% digital.

    • VP of business development Jan Rosner explained that physical editions give players a “plug and play experience” and remain highly valued in Nintendo’s market.

  • Regional Revenue Breakdown

    • 66.5% from North America

    • 21% from Europe (excluding Poland)

    • 7.1% from Asia

    • 3.7% from Poland (domestic market)

  • Investment in Future Projects

    • CD Projekt spent PLN 240 million ($65 million) on development in the first half of 2025.

    • Projects in focus include The Witcher 4, Cyberpunk 2, Project Sirius, and Project Hadar.

  • Workforce Expansion

    • Total employees: 1,248, up 8.6% from 2024.

    • Developers: 799 in total

      • 444 working on The Witcher 4

      • 116 on Cyberpunk 2

      • 51 on Project Sirius

      • 22 on Project Hadar

      • 149 in shared services (QA, localization, data, etc.)

  • Outlook

    • Despite the dip in profit, CD Projekt continues to expand operations.

    • The company is balancing short-term reliance on Cyberpunk and The Witcher with long-term growth through multiple new projects.

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