C

CD PROJEKT RED

Develops and publishes AAA narrative RPGs

Overview

CD Projekt S.A. is a Polish video game holding company that develops and sells high-budget, narrative-driven AAA games for PC and consoles, anchored by the The Witcher and Cyberpunk franchises. It funds its projects through full-game sales, paid expansions (like The Witcher 3: Blood and Wine and Cyberpunk 2077: Phantom Liberty), and licensing IP for merchandise and media adaptations. Its games are known for deep stories and expansive open worlds, with The Witcher 3 selling over 65 million copies and Cyberpunk 2077 selling over 40 million copies. The company previously ran GOG.com, a DRM-free digital distribution platform, though it was sold in December 2025. CD Projekt differentiates itself by owning and cultivating flagship IPs, building long-running franchises, and focusing on narrative-driven experiences. Its goal is to create enduring, high-quality games and expand its IP across media and platforms while maintaining a strong global presence and direct-to-player relationships.

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About CD PROJEKT RED

Simplify's Rating
Why CD PROJEKT RED is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer SoftwareEntertainmentGaming

Company Size

51-200

Company Stage

IPO

Headquarters

Warsaw, Poland

Founded

2002

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Simplify's take

What believers are saying

  • 2026 H1 revenue reached PLN435 million, up 23%, with nearly PLN249 million net profit.
  • Cyberpunk 2077 keeps expanding through Switch 2, Mac, and Zero Latency VR.
  • Cash stayed near PLN1.3 billion in June 2026, funding multi-year development without dilution.

What critics are saying

  • August 2026 Sirius layoffs cut team size, signaling multiplayer execution problems and scope resets.
  • Witcher 4 faces giant 2027-plus budget pressure after analysts flagged multi-billion-zloty costs.
  • One failed Witcher 4 launch damages the only remaining core business after GOG's exit.

What makes CD PROJEKT RED unique

  • CD Projekt RED owns The Witcher and Cyberpunk, two globally recognized RPG franchises.
  • December 31, 2025 GOG sale made CD Projekt a pure-play game developer.
  • 2026 H1 spending targeted Witcher 4, Cyberpunk 2, and Songs of the Past.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Mental Health Support
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Flexible Work Hours
  • Hybrid Work Options
  • Stock Options
  • 401(k) Company Match

Stock Price

Company News

Yahoo Finance
Mar 30th, 2026
CD Projekt Red partners with Zero Latency VR to bring Cyberpunk 2077 to life in immersive experience

Zero Latency VR has partnered with CD PROJEKT RED to bring Cyberpunk 2077 into a location-based VR experience across its global network of venues. The collaboration will transform Night City into a warehouse-scale, free-roam VR adventure allowing players to physically move together through a shared space. The experience will be a self-contained adventure inspired by Cyberpunk 2077's world, rather than a direct translation of the video game. It will leverage Zero Latency's untethered technology, including wireless headsets and full-body movement capabilities, across its network of over 150 venues in 30 countries. CD PROJEKT RED's Cyberpunk 2077, launched in 2020, is an open-world action RPG that has earned acclaim for its storytelling and immersive world. Additional details and launch dates will be announced later.

Yahoo Finance
Mar 21st, 2026
CD Projekt hits record $158M profit with 60% margin, eyes higher dev spending in 2026

CD Projekt SA reported revenue of PLN867 million for 2025, a 9% year-on-year increase, driven by a 12% rise in Cyberpunk franchise sales. Operating profit exceeded PLN470 million, up nearly 30%, whilst net profit from continuing operations reached PLN521 million, marking 2025 as the company's second-best year with net profitability above 60%. The Witcher trilogy surpassed 85 million copies sold, with The Witcher 3 alone reaching 60 million. Cyberpunk 2077 launched on Nintendo Switch 2 and Mac devices. The company held cash reserves of PLN1.325 billion at year-end. However, CD Projekt sold its GOG digital distribution segment and reported higher selling expenses due to platform expansion costs. Development expenditures are expected to increase in 2026 as the company expands its team ahead of The Witcher 4's launch.

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