Technology

CD Projekt Red earned crores on ‘Cyberpunk 2077’ despite refunds

Cd project red Posted Record-breaking revenue and sales numbers for the 2020 fiscal year, thanks Cyberpunk 2077 – and despite the game’s problematic release. The developer has Announced (PDF) that it is about 2.14 billion Polish zloty (PLN) or US $ 543 million in total sales revenue, which is four times more than in 2019. That’s mostly because Cyberpunk 2077, Which sold over 13.7 million copies by the end of 2020, the largest game in the company’s history.

Retro-Futuristic RPG was the developer’s most highly anticipated game Demonic 3. It began with very good reviews until players started getting their copies, revealing a number of bugs and game-breaking glycs, which led to the console version of the game dropping. Sony had to decide to pull the game from the PS Store, where it is unavailable for purchase, and offer a refund to whoever wanted it. Microsoft soon followed, offering a full refund to Xbox players who purchased a copy.

Those refunds barely dent the developer’s earnings, however. As Ars Technica Note, “Other provisions” section of the company Full financial report (PDF) shows that it spent $ 10.65 million in refunds made through digital and physical retailers in 2020, as well as 2.23 million in direct refunds made through its own “Help Me Refund” campaign. Dollars spent. If the company spent $ 60 per copy, it processed 215,000 refunds in all, or about 1.6 percent of the total units sold. CDPR is also expected to incur an additional loss of $ 38.34 million for additional refunds and lost sales, including the effect of the game’s continued absence from the PS Store this year.

Overall, $ 51 million is not such a large number compared to its total sales and even has a net profit of $ 301 million. However, the company’s shares declined after the refund programs were announced, and they are yet to bounce back. while Cyberpunk 2077 It was clearly the main money maker of CDPR last year. To jam The series also enjoyed strong sales. The Witcher 3 2020 was the second best year in its history, with sales of over 30 million.

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