- Business
- CD Projekt S.A. (Ticker: 7CD.F) is a Polish holding company focused on the development, publishing, and digital distribution of premium video games; it operates primarily through its flagship studio CD Projekt RED and the GOG.com platform. Founded in 1994 and headquartered in Warsaw, Poland, the company maintains development studios in Warsaw, Kraków, Wrocław, Vancouver, and Boston, with global distribution reaching personal computers, PlayStation, Xbox, Nintendo Switch, and other platforms. CD Projekt RED develops and publishes acclaimed role-playing games including the flagship Witcher series (The Witcher, The Witcher 2: Assassins of Kings, The Witcher 3: Wild Hunt and its expansions Hearts of Stone and Blood and Wine, with over 75 million units sold), Cyberpunk 2077 (over 35 million units sold, including the 2023 Phantom Liberty expansion) and spin-offs such as Gwent: The Witcher Card Game, Thronebreaker: The Witcher Tales, and mobile titles like The Witcher: Monster Slayer; GOG.com offers a DRM-free digital storefront curating thousands of modern and classic games via the GOG GALAXY launcher, which integrates libraries, achievements, multiplayer, and cross-platform features. Recent developments include strong Q3 2025 financials with sales revenues of PLN 349 million (up 53% year-over-year) and net profit of PLN 193 million driven by Cyberpunk 2077 back-catalogue sales and its inclusion in PlayStation Plus; advancements on multiple AAA projects such as The Witcher IV (full production), Cyberpunk 2 (pre-production by CD Projekt RED North America), Project Hadar (original IP in planning), Project Sirius (multiplayer Witcher title), a Witcher remake by Fool's Theory using Unreal Engine 5, and investments in Warsaw campus expansion including a new performance capture studio.