Cyberpunk 2077 Refunds to Cost CD PROJEKT over $51 Million

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CD PROJEKT expects to lose over $51 million due to the controversy and technical issues surrounding its blockbuster sci-fi RPG, Cyberpunk 2077. This is according to a lengthy report released by CD PROJEKT today, which detailed all of the company’s financials in 2020 and listed a figure of $51.3 million for provisions related to digital and retail refunds of Cyberpunk 2077. CD PROJEKT still managed to achieve a record-shattering financial year, however—a separate 2020 earnings slide deck confirmed that more than 13.7 million copies of Cyberpunk 2077 have been sold, which, coupled with ongoing sales of prior hits such as The Witcher 3: Wild Hunt, resulted in $563 million in total sales revenue (~2.14 billion PLN) and net profit of just over $301 million (~1.15 billion PLN) for the company.

CDPR projects an additional $38.34 million (145.6 million PLN) in refunds and lost sales in 2021 “based on information obtained from distributors concerning sales to retail distribution networks, retail sales to end customers, number of copies present in various distribution channels and warehouses, as well as the distributors’ professional judgment concerning expected sales throughout 2021.” That seems to include the impact of the game’s continued absence from the PlayStation Store, which CDPR says is close to ending now that the developer has released a number of major patches.

Sources: CD PROJEKT (1, 2), Ars Technica

Tsing Mui
News poster at The FPS Review.

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