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Cyberpunk maker CD Projekt misses quarterly profit forecast -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO A bird flew in front the Cd Projekt logo, Warsaw, Poland. January 21, 2020. Photograph taken January 21, 2020. REUTERS/Kacper Pempel

(Reuters) – CD Projekt a Polish videogame maker that created “Cyberpunk2077” fell short of expectations Monday due to its third-quarter net loss. The decline was attributed to rising costs.

Although the company’s most popular game helped boost earnings and sales this year, its net profit for the third quarter of 16,3 million Zlotys ($3.92 Million) fell 78% from previous quarter. Analysts had expected a drop of 51% to 36,000,000 Zlotys.

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