This article was originally published on link to post
Polish developer CD Projekt Red, which is celebrating Polish donuts today, is also increasing its profit goals for the near future. The game company said today that it plans to increase is profit projections for the financial years 2026-2029 to 5 billion złoty, which is about $1.4 billion USD.
CD Projekt said this proposed “earnings condition” is an “ambitious” target but also one that aligns with the company’s belief that it has good games coming up that will return money to investors.
“Achieving PLN 5 billion in cumulative net profit in the financial years 2026–2029 assumes further dynamic business growth through consistent implementation of CD Projekt’s development strategy,” the company said.
To achieve these lofty goals, CD Projekt said it will release “high-quality RPG games” and focus on “strengthening the potential of its brands” by releasing “companion products” with external partners. It’s not immediately clear what these products will be, but CD Projekt said all of these efforts are being undertaken for the purposes of raising CD Projekt’s value in the stock market.
CD Projekt trades on the Warsaw Stock Exchange. The company’s shares are up more than 5% so far this year and up more than 20% over the past year. However, the
0 Comments