In the last hours, CD Project Red announced its financial results for the first quarter of fiscal year 2021, closing the first four months of the year (and especially the first months of cyberpunk 2077) with an earnings loss of $ 8.84 million, or down by 65% compared to forecasts.
within the presentation document, the Polish software house said that, despite profits having dropped, a new cash flow record has been set. According to the words of CFO Piotr Nielubowicz, the decline in profits was caused by the ongoing expenditure on the development of the updates for Cyberpunk 2077, and that aim to improve the player experience after the disastrous launch last year December.
In this regard, CD Projekt CEO Adam Kiciński renewed his promise to January, stating that the title will receive ongoing support until 2022. At the same time, the company will begin to look to the future, starting a transition period that will allow CD Projekt Red to work on two AAA titles in parallel.