CD Projekt Third Quarter 2023 Earnings: Beats Expectations

CD Projekt (WSE:CDR) Third Quarter 2023 Results

Key Financial Results

• Revenue: zł442.7m (up 80% from 3Q 2022).
• Net income: zł202.9m (up 106% from 3Q 2022).
• Profit margin: 46% (up from 40% in 3Q 2022). The increase in margin was driven by higher revenue.
• EPS: zł2.03 (up from zł0.98 in 3Q 2022).

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

CD Projekt Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 17% 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 8.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for CD Projekt you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.