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CD Projekt is a Dark Horse
CD Projekt (OTC: OTGLY) is a Polish video game company whose stock was hammered after the December 2020 release of Cyberpunk 2077. After a major drop in value during 2021, CD Projekt stock fell a further 40% in 2022. However, Cyberpunk 2077 is looking like a strong performer going into 2023. CD Projekt has also announced a major strategy based around…..
CD Projekt Has Solid Profit
For the first nine months of fiscal 2022 ending 9/30/22, CD Projekt (OTC: OTGLY) reported that net sales were flat at €133 million. However, the company showed a net before-tax profit of €57 million (up from €29 million in the first nine months of 2021). Analysis CD Projekt is recovering from its disastrous launch of Cyberpunk 2077 in December 2020. Cyberpunk is actually enjoying somewhat of a renaissanc…..
CD Projekt Updates Strategy
Poland-based game company CD Projekt released a long-term strategy update. The company is planning for a number of games in the Witcher and Cyberpunk universes. CD Projekt is also working on a new IP codenamed Hadar and is exploring opportunities in film and TV. The company is also opening a new North American studio in Boston and expanding its Vancouver studio. Analysis In December 2020, CD Projekt launched the highly anticipated Cyberpunk 2077. The game was fille…..
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