EARNINGS SURVEY – Polish video game maker CD Projekt’s second-quarter net profit is expected to drop 48% year on year

Results expected on September 7 after market

Net profit seen at 38 million zlotys

GDANSK, September 5 (Reuters) – Polish video game creator CD Projekt’s CDR.WA Second-quarter net profit is expected to fall 48% year-on-year due to lower sales of its flagship games Witcher 3 and Cyberpunk 2077, according to a Reuters poll released on Monday.

CD Projekt is expected to post a net profit of 38 million zlotys ($7.99 million) in the second quarter, according to the survey of eight banks and brokerages. This would bring CD Projekt’s net profit for the first half to 107 million zlotys.

The following table summarizes the market forecast for CD Projekt’s results for the second quarter of 2022:

(Figures in millions of zlotys unless otherwise stated)

Revenue

EBITDA

EBIT

net profit

Medium

165

67

44

38

Median

163

66

42

38

The lowest

158

60

39

32

The highest

180

81

59

49

Number of forecasts

8

8

8

8

Q2 2021

273

107

79

73

Q1 2022

216

107

85

69

Forecasts provided by: Dom Maklerski BOŚ, Erste Group, Dom Maklerski BDM, Trigon DM, Santander BM, DM PKO BP, Pekao BM, DM mBank

($1 = 4.7571 zlotys)

(Reporting by Adrianna Ebert, editing by Jane Merriman)

((Adrianna.Ebert@thomsonreuters.com; +48 58 769 65 88;))

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