19:48 28 November 2023
CD Projekt RED reports PLN 283.4 mln EBITDA in Q3, with strongest net margin to date
CD Projekt reported a Q3 EBITDA profit of PLN 283.4 million, surpassing the consensus of PLN 276.7 million. The net profit reached PLN 202.9 million, a 27.4% increase from the PLN 159.2 million consensus. The company achieved an operating profit of PLN 186.2 million, exceeding the expected PLN 170.9 million. Q3 revenues totaled PLN 442.7 million, surpassing the PLN 429.8 million consensus. The RED segment contributed PLN 382 million in revenues, with a net profit of PLN 195.6 million and an operating profit of PLN 178 million.
The GOG segment generated PLN 83.7 million in Q3 revenues, with a net profit of PLN 7.6 million and an EBIT of PLN 8.2 million. The strong results were attributed to the successful release of "Widmo Wolności" and robust sales of the base game Cyberpunk 2077. The net margin for CD Projekt Red exceeded 50%, marking the best Q3 in the history of CD Projekt Group.
Source: strefainwestorow.pl
