CD Projekt SA reported that their profits fell by nearly 65% this quarter, well below their own expectations and those of analysts. As reported by Reuters, the main reason believed to be behind this is the continued absence of Cyberpunk 2077 from the PlayStation Store following its removal over five months ago.
The company’s net profits for the first quarter of this financial year dropped by 64.7% to 32.5 million zlotys. Analysts had expected this value to be 80 million zlotys instead. The company’s shares have lost over 60% of their value too. One of the main reasons for the fall is that the publisher is still waiting for their game to appear back on the PlayStation Store, something they have said is entirely Sony’s decision. The game was removed from the PS Store in the middle of December 2020 following confusion and disagreements over issuing refunds to disappointed players. The company now hopes its friendly relations with Sony will speed that decision along. CFO Piotr Nielubowicz told investores that 60% of their sales come from Cyberpunk 2077, although he didn’t give specific figures. A company official later confirmed that while the game had sold nearly 14 million copies, the PlayStation Store issue is still having quite an impact. “The general situation as long as we are not back on the Sony store has not changed. One of the leading marketplaces for us is not available and we generate most of the sales on the PC/digital channels”...