CD Projekt third-quarter net profit expected to fall by 64% y/y
Results due Nov. 26 after market close
Net profit seen at 73 mln zlotys
GDANSK, Nov 25 (Reuters) -Polish video game maker CD Projekt's CDR.WA third-quarter net profit is expected to fall 64% compared with a year ago, when revenue spiked after the September 2023 expansion of its flagship game "Cyberpunk 2077", a Reuters poll showed on Monday.
CD Projekt is expected to report third-quarter net profit of 73 million zlotys ($17.60 million), the poll of seven banks and brokerages showed. That would put the company's net profit for the first nine months of the year at 243 million zlotys.
The following table summarises market forecasts for CD Projekt's results for the third quarter of 2024:
(Figures in millions of zlotys unless otherwise stated)
Revenue | EBITDA | EBIT | Net profit | |
Average | 218 | 100 | 69 | 73 |
Median | 225 | 103 | 73 | 77 |
Lowest | 172 | 52 | 23 | 31 |
Highest | 233 | 120 | 90 | 90 |
No. of forecasts | 7 | 7 | 7 | 7 |
Q3 2023 | 443 | 283 | 186 | 203 |
Q2 2024 | 198 | 93 | 59 | 70 |
Forecasts provided by: Erste Group, DM BDM, Noble Securities, Wood&Co, BM mBank, Santander BM, DM BOS.
($1 = 4.1485 zlotys)
Reporting by Adrianna Ebert
Editing by Philippa Fletcher
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