CD Projekt First Quarter 2024 Earnings: EPS Beats Expectations

CD Projekt (WSE:CDR) First Quarter 2024 Results

Key Financial Results

• Revenue: zł226.8m (up 30% from 1Q 2023).
• Net income: zł100.1m (up 44% from 1Q 2023).
• Profit margin: 44% (up from 40% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: zł1.00 (up from zł0.69 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CD Projekt EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in Poland.

Performance of the Polish Entertainment industry.

The company's shares are down 10% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on CD Projekt's balance sheet.

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