CD Projekt S.A. (OTGLF) Q1 2023 Earnings Call Transcript

CD Projekt S.A. (OTGLF) Q1 2023 Earnings Call Transcript

CD Projekt S.A. (OTCPK:OTGLF) Q1 2023 Earnings Convention Name Could 29, 2023 12:00 PM ET

Firm Contributors

Adam Kicinski – President and Joint CEO

Piotr Nielubowicz – CFO

Michal Nowakowski – SVP of Enterprise Improvement and Member of the Administration Board

Convention Name Contributors

Matthew Walker – Credit score Suisse

Alexey Philippov – JPMorgan

Nick Dempsey – Barclays


Girls and gents, thanks for standing by and I want to welcome you to CD Projekt’s Q1 Earnings Convention Name, on the twenty ninth of Could 2023. Presently, all participant strains are in hear solely mode. The format of as we speak’s recorded name can be a presentation by CD Projekt’s administration workforce, adopted by a query and reply session.

With out additional ado, I’d now wish to cross the road to the Firm’s CEO Adam Kicinski. Please go forward, sir.

Adam Kicinski

Good afternoon. Welcome to name on CD Projekt Group’s monetary outcomes. At the moment we’ll briefly sum up the primary quarter of 2023. My title is Adam Kicinski, and I’ll run this presentation along with Piotr Nielubowicz, Michal Nowakowski, will be a part of us for the Q&A session.

Earlier than speaking about Q1, I want to share with you some excellent news. I am very proud to say that The Witcher 3 Wild Hunt hit 50 million copies bought. This, in keeping with public knowledge, ranks the Witcher 3 among the many 10 best-selling video video games of all time. On the similar time, the entire trilogy, which is 1, 2 and three, has reached a complete of over 75 million copies bought. This clearly exhibits the power of the franchise and we’re excited trying ahead to our subsequent tasks throughout the Witcher universe.

Let’s now transfer to Slide 4, our developer’s involvement in ongoing tasks. As of the top of April, The Phantom Liberty workforce working

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