CD Projekt RED Has Come A Hell Of A Long Way

Here’s a picture of a booth from E3 2004. It was the booth of CD Projekt RED, the Polish team who were showing off a prototype of the first Witcher game.

CD Projekt RED is now something bigger. It’s part of the CD Projekt Group, which owns Good Old Games as well as the development studio. That group posted their financials for the first half of the year recently, and as a result the company is now worth more than $1 billion.

Without getting too bogged down in the nitty gritty, it’s easy to say CDR are doing damn well. Apart from their healthy financial state, the company’s expanding their footprint significantly. According to their management board report, CDR has “initiated cooperation with a Chinese partner” called GAEA to directly distribute games into China.

Cyberpunk 2077 is now the largest project in the Polish studio’s history, and there’s plenty of room for new developers. Seven pages of positions, in fact.

But perhaps one of the best indicators is the company’s stock price, which surged to close at 40.90 zloty a share (the official currency) following the release of the game’s first half financials.

The market capitalisation of the whole group — the total worth of the company’s shares — is now around $1.341 billion, or 3.92 billion zloty.

Not bad for a company that at one stage was demoing their games at E3 on a single PC with a poster and about bugger all else just over a decade ago. Bring on Cyberpunk 2077.

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