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Search resuls for: "Adam Kicinski"


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GDANSK, Nov 28 (Reuters) - Video games developer CD Projekt's (CDR.WA) third-quarter net profit doubled from a year earlier, it said on Tuesday, following strong demand for "Phantom Liberty", the long-awaited expansion to the company's flagship game "Cyberpunk 2077". "Phantom Liberty", the Polish company's first major new game in nearly three years, was released on Sept. 26 and had sold over 4.3 million copies within two months. The company reported a net profit of 202.9 million zlotys ($51.54 million) for the third quarter, beating the 162 million zlotys expected by analysts and up 105% from a year earlier. Revenue for the period rose 80% year on year to 442.7 million zlotys, it said. "We are very pleased with the launch of Phantom Liberty.
Persons: Adam Kicinski, Michal Nowakowski, Kicinski, Nowakowski, we're, Adrianna Ebert, Anna Pruchnicka, David Goodman, Susan Fenton, SDharon Singleton Organizations: Revenue, Liberty, Polaris, Thomson Locations: GDANSK, Polish
"Phantom Liberty" was released just over a week ago and has been highly rated by players. "Phantom Liberty" is CD Projekt's first major game premiere since the bug-ridden launch of "Cyberpunk 2077" in December 2020, which has now sold 25 million copies. CD Projekt estimates total expenditure on the production of "Phantom Liberty" of around 275 million zlotys ($62.81 million). On Steam platform, which sells digital copies of games for PCs, "Phantom Liberty" is rated "very positive" with 88% of 6,353 user reviews positive. Pointing to the successful release of "Phantom Liberty", CD Projekt CEO Adam Kicinski said he had the peace of mind to plan his next professional step.
Persons: Keanu Reeves, Idris Elba, Adam Kicinski, Kicinski, Adam Badowski, Michal Nowakowski, Adrianna Ebert, Kirsten Donovan Organizations: Steam, Thomson Locations: GDANSK
GDANSK, Sept 25 (Reuters) - Phantom Liberty, the long-awaited expansion to CD Projekt's (CDR.WA) flagship game Cyberpunk 2077, will debut on Tuesday on current generation consoles and PCs. In the months leading up to the release, CD Projekt's market capitalisation exceeded 40 billion zlotys ($9.28 billion). NEXT-GENERATION UPDATEIn February 2022, CD Projekt released a Cyberpunk update for next-generation consoles. PHANTOM LIBERTY RELEASE DATE ANNOUNCEDOn June 11, 2023, CD Projekt said the Phantom Liberty expansion would be released in September. UPDATE 2.0On Sept. 21, CD Projekt released a free update 2.0 to the base game, featuring various improvements to the game mechanics.
Persons: Liberty, Phantom Liberty, Adam Kicinski, Projekt, Adrianna Ebert, Milla Nissi, Anil D'Silva Organizations: Polish, OF, Projekt, Xbox, SONY, Sony, PlayStation, Netflix, North America ., Liberty, Steam, Thomson Locations: GDANSK, North America
Kicinski added that the quality assurance process is almost complete for Phantom Liberty, which is the studio's first major new game release in nearly three years. The game is the first and only expansion to Cyberpunk 2077, which came out in 2020, and the company started the marketing campaign for Phantom Liberty in June. Member of the management board Michal Nowakowski reiterated on the conference call that Phantom Liberty will be the only expansion to Cyberpunk 2077. Phantom Liberty is the last project developed on REDEngine. At the end of July, its biggest developer group, about 300 people, worked on Phantom Liberty.
Persons: Adam Kicinski, Kicinski, Michal Nowakowski, we've, We're, Adrianna Ebert, Patrycja, Tomasz Janowski, Josie Kao, Cynthia Osterman Organizations: Phantom Liberty, Liberty, Polaris, Thomson Locations: GDANSK
GDANSK, July 26 (Reuters) - Poland's biggest video games producer CD Projekt (CDR.WA) said on Wednesday it plans to lay off about 9% of personnel in its CD Projekt RED development studio, maker of Cyberpunk 2077 and "The Witcher" saga. Around 100 people will leave the company in a reduction process that is planned to conclude in the first quarter of next year. Phantom Liberty is the first and only expansion to company's Cyberpunk 2077 which is due to premier in late September. The news of redundancies within Poland's most well-known game studio came after two companies from the country's gaming sector, Ten Square Games and Huuuuge, announced they too would cut jobs. ($1 = 3.9973 zlotys)Reporting by Mateusz Rabiega; editing by Louise Heavens, Jason Neely and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.
Persons: Adam Kicinski, J.P, Morgan, Mateusz, Louise Heavens, Jason Neely, Conor Humphries Organizations: Liberty, Ten, Huuuuge, Thomson Locations: GDANSK
CD Projekt is not for sale - CEO
  + stars: | 2023-05-29 | by ( Adrianna Ebert | ) www.reuters.com   time to read: +2 min
GDANSK, May 29 (Reuters) - Polish games developer CD Projekt (CDR.WA) is not for sale, its CEO reiterated on Monday, following weekend rumours that the maker of "Cyberpunk 2077" could be targeted by Sony (6758.T). I can repeat what we've been saying throughout the years - CD Projekt is not for sale. CD Projekt, which has previously been rumoured to be a target for Microsoft, reported a 1% year-on-year rise in quarterly net profit, as it gears up to release an expansion to action role-playing game "Cyberpunk 2077". After two years without a major new release, CD Projekt is due to present "Cyberpunk 2077: Phantom Liberty" in Los Angeles on June 8 during the Summer Game Fest: Play Days. CD Projekt has sold over 20 million copies of Cyberpunk 2077 so far.
Poland's CD Projekt posts 66% profit leap
  + stars: | 2023-03-30 | by ( Adrianna Ebert | ) www.reuters.com   time to read: +2 min
[1/3] A bird flies in front of the Cd Projekt logo at its headquarters in Warsaw, Poland January 21, 2020. REUTERS/Kacper PempelGDANSK, March 30 (Reuters) - Poland's biggest game developer CD Projekt (CDR.WA) on Thursday posted a 66% leap in full-year net profit to 347.1 million zlotys ($81 million), boosted by higher sales of flagship titles "The Witcher 3: Wild Hunt" and "Cyberpunk 2077". "A large portion of this profit – over 200 million zlotys – was invested in our future development projects." This year CD Projekt stands before the premiere of the highly-anticipated first and only expansion to Cyberpunk 2077 under title Phantom Liberty with marketing campaign starting in June. CD Projekt has sold over 20 million copies of Cyberpunk 2077, with Wither trilogy sales exceeding 65 million copies.
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