CD Projekt’s Q1 2021 Net Profits Are Down 65% In Part Due to Fixing Cyberpunk 2077
CD Projekt has revealed that its Q1 2021 net profits missed market expectations and fell 65% to $32.5 million PLN ($8.84 million USD) in part due to the costs associated with fixing Cyberpunk 2077.
The news was shared during CD Projekt’s Q1 2021 earning presentation, and it was explained that, despite the lower than usual net profitability, the company saw “record-breaking positive cash flows.”
CD Projekt’s aggregate balance of cash, bank deposits, and treasury bonds increased by over…
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