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Ekaros 5 hours ago

If I read their income statement from Q3 correctly it is comparatively not doing great.

01.01.2025 to 30.09.2025 net profit 910 thousand PLN I think.

01.01.2024 to 30.09.2024 net profit 32 thousand PLN.

With "from 1 January to 30 September 2025: 4.2365 PLN/EUR and from 1 January to 30 September 2024:4.3022 PLN/EUR."

It is not that much. So splitting it off probably make sense for the CD Projekt.

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embedding-shape 5 hours ago | parent | next [-]

https://www.cdprojekt.com/en/investors/result-center/q3-2025... [has a bunch of files at the bottom too, for more data]

> Consolidated net earnings during the reporting period stood at 193 million PLN – 2.5 times more than during the corresponding period of the previous year, which results in a net profitability of 55%.

Maybe I don't understand "profits above all" sufficiently well as some of my peers, but that seems Good Enough to me.

	▲	Ekaros 5 hours ago \| parent [-]
		Overall CD Projekt is doing well, but cut associated to GOG.COM is paltry as shown above.

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apetresc 5 hours ago | parent | prev | next [-]

I'm not sure I understand your figures. What is "32 thousand PLN", surely their entire annual profit for all of 2024 was not literally 32K PLN (approx. 9K USD)? Is this measured in millions? And whatever they're measured in, surely 32K to 910K in the span of a year is considered excellent progress?

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Ekaros 5 hours ago | parent [-]

No it was actually just circa 9 thousand Euros from GOG.COM. And it seems there was period of having potential loss of million PLN as well in Q3 of 2024 I think. So it looks quite variable based on which products release.

See: https://www.cdprojekt.com/en/wp-content/uploads-en/2025/11/c...

Starting from page 28.

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bcye 4 hours ago | parent | next [-]

Maybe they are just heavily reinvesting?

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Ekaros 4 hours ago | parent [-]

I think reality is that being game retailer is harsh market if you are anyone else but Valve with Steam. Selling copies redeemed on Steam is workable, but seeing that pretty much all big publishers are back on Steam should tell a lot of state of the market. And GOG has bigger mind share than actual market share.

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Detrytus 3 hours ago | parent [-]

Still, making only 32k PLN ($9k) profit on 137M PLN ($38M) revenue seems like a really badly operated business.

	▲	andriamanitra an hour ago \| parent [-]
		Profit is not an appropriate measure of how well a business is operated. I'm sure they have been prioritizing growth because the whole point of the platform is to introduce competition to Steam. Keeping the margins low (or even negative) is smart when the primary goal is not to make profit but to insure the parent company against monopolistic behavior.

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4 hours ago | parent | prev [-]

[deleted]

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izacus 5 hours ago | parent | prev | next [-]

No company with an ounce of brain and a good accountant reports profit in eastern Europe :)

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JLO64 3 hours ago | parent [-]

Polska is in Central Europe tho

	▲	izacus 2 hours ago \| parent [-]
		Haha, we all Slavs keep telling that to ourselves, don't we? :P

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rvba 2 hours ago | parent | prev [-]

Is this taken from some LLM?

The first two numbers perhaps make sense, the 4,3022 looks like EUR/ PLN exghange rate..