# Video game maker CD Projekt’s first-half profit beats expectations Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-09-08 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: CD Projekt announces groundbreaking Cyberpunk game Meta Description: Get ready for CD Projekt's exciting new expansion 'Phantom Liberty' for Cyberpunk next year on PlayStation 5, Xbox Series X|S, PC and Stadia. URL: https://financedigest.com/video-game-maker-cd-projekts-first-half-profit-beats-expectationshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2022-09-07t154542z1lynxmpei860utrtroptp4sony-cd-projekt-cyberpunk-2077-1736815259710-compressed.jpg) (Reuters) -Polish video game maker CD Projekt’s is planning to release one major expansion of its flagship Cyberpunk game, after reporting first-half net profit above expectations. CD Projekt gained prominence with “The Witcher” medieval fantasy video game series and has been in the spotlight after Cyberpunk’s troubled rollout in late 2020. “We decided to develop one major expansion to the saga of Cyberpunk (….) we are totally fully committed to developing the Cyberpunk further,” Michal Nowakowski, board member and head of business development told a conference call on Wednesday. CD Projekt announced the title of its expansion to Cyberpunk on Tuesday. The expansion – “Phantom Liberty” – is set to premiere [next year](https://www.financedigest.com/cepsa-to-nearly-double-investments-over-next-3-years-as-profit-soars.html "Cepsa to nearly double investments over next 3 years as profit soars") on PlayStation 5, Xbox Series X\|S, PC and Stadia. The studio said in a [blog post](https://www.financedigest.com/how-to-create-backlinks-for-your-blog-posts.html "How To Create Backlinks For Your Blog Posts") https://support.cdprojektred.com/en/cyberpunk/xbox/sp-technical/issue/2239/cyberpunk-2077-on-previous-gen-consoles on Tuesday that the Phantom Liberty expansion is the only one planned for Cyberpunk. (..) we definitely want to continue to build upon what was built right now with new stories, new experiences, new content, basically not just the [video game](https://www.financedigest.com/ubisoft-shares-slump-20-after-french-video-game-maker-warns-on-revenue.html "Ubisoft shares slump 20% after French video game maker warns on revenue") format, and I’ll leave it here,” Nowakowski said, referring to Cyberpunk. CD Projekt has [published two expansions](https://www.financedigest.com/adnami-welcomes-svenja-damzog-as-publisher-director-dach-to-lead-continued-expansion-in-the-region.html "Adnami welcomes Svenja Damzog as Publisher Director DACH to lead continued expansion in the region") to the Witcher 3 video game. CD Projekt’s net [profit rose](https://www.financedigest.com/zur-rose-delays-profitability-break-even-to-2024.html "Zur Rose delays profitability break-even to 2024") 8% to 113.7 million zlotys ($23.98 million), compared with analyst expectations of 107 million zlotys. The company’s [revenue was down 20%](https://www.financedigest.com/armani-revenues-up-20-in-h1-after-2021-recovery.html "Armani revenues up 20% in H1 after 2021 recovery") year on year at 377.9 million zlotys. Most of the revenue was driven by Cyberpunk’s version of next-generation consoles released in February, the company’s [finance chief](https://www.financedigest.com/bootmaker-dr-martens-warns-on-profit-as-finance-chief-walks.html "Bootmaker Dr Martens warns on profit as finance chief walks") Piotr Nielubowicz said in a video commentary on the results. CD Projekt has [released several patches and fixes](https://www.financedigest.com/bitfinex-and-connamara-collaborate-to-release-fix-digital-asset-gateway.html "Bitfinex and Connamara Collaborate to Release FIX Digital Asset Gateway") for Cyberpunk and launched the newest patch 1.6 on Tuesday. Cyberpunk service costs fell 68% to 15.2 million zlotys in the January-June period, helping to reduce overall [selling costs by 23% to 101.3 million](https://www.financedigest.com/britains-superdry-sells-asia-pacific-ip-for-50-million.html "Britain’s Superdry sells Asia Pacific IP for million") zlotys. The company [plans to publish a strategy](https://www.financedigest.com/tax-planning-strategies.html "Tax Planning Strategies") update in October. ($1 = 4.7409 zlotys) (Reporting by Anna PruchnickaEditing by [David Goodman and Jane](https://www.financedigest.com/mitons-david-jane-rising-inflation-raises-spectre-of-corporate-defaults.html "Miton’s David Jane: Rising inflation raises spectre of corporate defaults") Merriman) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---