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☆ CD Projekt's third-quarter profit doubles after 'Phantom Liberty' release
▼ + stars: | 2023-11-28 | by ( Adrianna Ebert | ) www.reuters.com time to read: +2 min

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

☆ Poland's Bank Millennium aims to conclude 1,000 settlements a quarter on FX loans
▼ + stars: | 2023-10-27 | by ( Marta Maciag | ) www.reuters.com time to read: +3 min

A logo of Millennium bank, Polish unit of Portugal's Millennium BCP, is pictured on the flag in front of the bank headquarters in Warsaw, Poland April 28, 2016. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsGDANSK, Oct 27 (Reuters) - Poland's Bank Millennium (MILP.WA) aims to conclude 1,000 settlements every quarter with customers regarding Swiss franc loans, Chief Executive Joao Bras Jorge said on Friday. Last year the Polish government introduced a so-called credit vacation to help borrowers deal with higher interest rates in Poland. Bank Millennium, majority owned by Portugal's Millennium bcp (BCP.LS), said it will not propose a dividend for 2023. Bank Millennium posted a third quarter net profit of 103 million zlotys ($24.40 million), reversing a 1 billion zloty loss a year earlier.

Persons: Kacper, Joao Bras Jorge, Jorge, Fernando Bicho, Bicho, Marta Maciag, Adrianna Ebert, Anna Banacka, Susan Fenton Organizations: REUTERS, Swiss, Bank, Portugal's, Thomson Locations: Warsaw, Poland, GDANSK, Switzerland

☆ CI Games shares drop on critical reviews of 'Lords of the Fallen'
▼ + stars: | 2023-10-13 | by ( Adrianna Ebert | ) www.reuters.com time to read: +2 min

SummaryCompanies CI Games shares extend losses to hit six month lowLosses follow some critical reviews of 'Lords of the Fallen'Critical reviews may affect sales - analystGDANSK, Oct 13 (Reuters) - Shares in Polish video game producer CI Games (CIG.WA) dropped as much as 18% to a six month low on Friday, adding to heavy losses the day before, following some critical reviews of its newest game "Lords of the Fallen". At 0844 GMT, CI Games shares were down 13.6% at 3.89 zlotys. The game release for PC and PlayStation 5 is set for Friday. CI Games' most popular game series is "Sniper Ghost Warrior", which has sold over 13 million copies. The first version of "Lords of the Fallen", released in 2014, sold over three million copies.

Persons: Piotr Bogusz, Bogusz, Adrianna Ebert, Sharon Singleton, Mark Potter Organizations: Games, IGN, Erste Group, Steam, CI Games, Thomson Locations: GDANSK

☆ Poland's CD Projekt sells over 3 mln copies of 'Phantom Liberty'
▼ + stars: | 2023-10-05 | by ( Adrianna Ebert | ) www.reuters.com time to read: +2 min

"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

☆ CD Projekt's 'Phantom Liberty' rated very positive on Steam
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

GDANSK, Sept 26 (Reuters) - "Phantom Liberty", the long-awaited expansion to Polish video game developer CD Projekt's (CDR.WA) flagship game "Cyberpunk 2077", had received a "very positive" rating on Steam platform based on 1,067 user reviews just few hours after game's launch on Tuesday. Cyberpunk 2077, which is offered at a 40% discount, has led the top sellers chart on Steam platform since Monday, with Phantom Liberty in second place. The release of Phantom Liberty is CD Projekt's first major game premiere since bug-ridden launch of Cyberpunk 2077 in December 2020. "Phantom Liberty is Cyberpunk 2077 at its best. The expansion is the last project to be developed on CD Projekt's own technology RED Engine, with the company switching to external Unreal Engine for its upcoming developments, that include Cyberpunk sequel.

Persons: Keanu Reeves, Johnny Silverhand, Idris Elba, Solomon Reed, Adrianna Ebert, Kirsten Donovan, Michael Perry Organizations: Phantom Liberty, Liberty, PlayStation, GameSpot, Thomson Locations: GDANSK, American

☆ CD Projekt's rocky road from Cyberpunk 2077 to Phantom Liberty
▼ + stars: | 2023-09-25 | by ( Adrianna Ebert | ) www.reuters.com time to read: +5 min

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

☆ Poland's CD Projekt to release Cyberpunk 2077 update on Sept. 21
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

Boxes with CD Projekt's game Cyberpunk 2077 are displayed in Warsaw, Poland, December 14, 2020. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsGDANSK, Sept 14 (Reuters) - Poland's biggest video game developer CD Projekt (CDR.WA) will release an update to its flagship game Cyberpunk 2077 on Sept. 21, a company representative said on Thursday during a livestream on YouTube. The update will launch just a few days before the premiere of Phantom Liberty, a highly-anticipated expansion of Cyberpunk 2077, set for Sept. 26. Cyberpunk 2077 2.0 will be available on PC, Xbox Series X|S and PlayStation 5. In September last year, CD Projekt said it had sold 20 million copies of the game.

Persons: Kacper, Phantom Liberty, Adrianna Ebert, Susan Fenton, Jane Merriman Organizations: REUTERS, YouTube, PlayStation, Thomson Locations: Warsaw, Poland, GDANSK

☆ Poland's CD Projekt happy with pre-orders for Phantom Liberty
▼ + stars: | 2023-08-30 | by ( Adrianna Ebert | ) www.reuters.com time to read: +2 min

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

☆ Poland's 11 bit studios plans to release Frostpunk 2 in 2024
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

GDANSK, June 14 (Reuters) - Polish video game producer 11 bit studios (11B.WA) plans to release Frostpunk 2, the sequel to its BAFTA-nominated society survival game, in the first half of 2024, company representatives said at an investor conference on Wednesday. Frostpunk 2 is currently ranked eighth on the Global Top Wishlists on video game platform Steam. In the coming year, 11 bit studios plans to focus on games rather than operational changes and acquisitions. The release of "The Invincible", a title developed by Starward Industries, whose shares were acquired by 11 bit studios last year, is planned for the third or fourth quarter. At 1051 GMT, 11 bit studios' shares were up 7.8%.

Persons: I'm, Przemyslaw Marszal, Adrianna Ebert, Louise Heavens, Mark Potter Organizations: BAFTA, Starward Industries, Thomson Locations: GDANSK

☆ CD Projekt to launch Cyberpunk 2077 expansion on Sept. 26
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

GDANSK, June 11 (Reuters) - Poland's biggest video game producer CD Projekt (CDR.WA) will release a highly-anticipated expansion to its flagship game Cyberpunk 2077 called "Phantom Liberty" on Sept. 26, the company announced during the Xbox Games Showcase on Sunday. The release will be CD Projekt's first major premiere since the bug-ridden launch of Cyberpunk 2077 in 2020. The trailer for the upcoming expansion was announced by Keanu Reeves, who will be back in the role of Johnny Silverhand. The expansion is the last project to be developed on CD Projekt's own technology RED Engine, with the company switching to external Unreal Engine for its upcoming developments. In September CD Projekt announced it had sold 20 million copies of Cyberpunk 2077.

Persons: Keanu Reeves, Johnny Silverhand, Idris Elba, Solomon Reed, Adrianna Ebert, Andrew Cawthorne, Jan Harvey Organizations: Xbox, Thomson Locations: GDANSK

☆ CD Projekt shareholders okay doubling buyback programme
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: 1 min

GDANSK, Poland, June 6 (Reuters) - CD Projekt (CDR.WA) shareholders at a general annual general meeting (AGM) on Tuesday authorised the company's management board to buy back shares in the Polish game producer worth up to 500 million zlotys ($119 million). The buyback programme is twice the size of the previous programme authorised in 2016. "The proposed resolution is intended to enable the Company to carry out such a purchase (or purchases) in a possibly flexible manner," the resolution passed at the AGM said. The AGM also approved a dividend of 1 zloty per share from the profit generated in 2022, the third consecutive dividend paid out by CD Projekt. ($1 = 4.1935 zlotys)Reporting by Adrianna Ebert; translating by Mateusz Rabiega; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Adrianna Ebert, Mateusz, Jason Neely Organizations: Company, Projekt, Thomson Locations: GDANSK, Poland, Polish

☆ 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 Bank Pekao first-quarter net profit surges 60%
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

GDANSK, April 27 (Reuters) - Pekao's (PEO.WA) first-quarter net profit rose 60% to 1.45 billion zlotys ($349.7 million), underpinned by an improvement in its net interest income, with no unusual events encumbering the earnings, the Polish bank said on Thursday. The quarterly numbers came in above analysts' expectations of 1.30 billion zlotys. Net interest income for the period rose 34% to 2.77 billion zlotys. The bank's management recommended a dividend payment of 3.65 zlotys per share from 2022 net profit. Net interest margin in the first quarter rose to 4.15% from 4.13% in the prior quarter, and 3.44% in the first quarter of 2022.

☆ 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.

☆ LPP will pay dividend next year, says CFO
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

GDANSK, Poland, Dec 15 (Reuters) - Next year Polish clothing retailer LPP (LPPP.WA) will pay a dividend, the company's chief financial officer (CFO) said during a teleconference on Thursday, a day after the company published its third quarter results. Przemyslaw Lutkiewicz added that the group would like to pay a dividend every year and that sales dynamics in December were positive. Reporting by Anna Banacka and Adrianna Ebert, editing by Alan CharlishOur Standards: The Thomson Reuters Trust Principles.

☆ ING's Polish unit says payment holidays not affecting risk costs
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

GDANSK, Nov 3 (Reuters) - The Polish unit of Dutch lender ING (INGP.WA) does not see a direct impact on its cost of risk from payment holidays for borrowers, its chief financial officer said on Thursday. The Polish government has introduced so-called "credit vacations" to help borrowers deal with higher interest rates. "The clients who had irregularities in their repayments before the start of credit vacations, and who no longer have them afterwards, are still treated as clients at risk," he said. When asked about Wednesday's downgrade in the outlook for Polish banks to "negative" from "stable" by Moody's credit rating agency, Graczyk and Bartkiewicz cited the impact of the payment holidays on the sector's growth. ($1 = 4.8346 zlotys)Reporting by Mateusz Rabiega and Adrianna Ebert Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ CD Projekt announces Witcher remake
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: 1 min

GDANSK, Oct 26 (Reuters) - Poland's biggest video game maker CD Projekt (CDR.WA) announced on Wednesday that work is in progress on a remake of its flagship game "The Witcher". The project, which is being developed by external studio Fool’s Theory, was previously referred to by the code name Canis Majoris during the company's strategy update earlier in October. CD Projekt shares were up 4.1% by 1447 GMT. Reporting by Adrianna Ebert Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

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