CD Projekt S.A. (OTGLF) Management on Q3 2021 Results - Earnings Call Transcript

Nov. 29, 2021 4:06 PM ETCD Projekt S.A. (OTGLF), OTGLY1 Comment
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CD Projekt S.A. (OTCPK:OTGLF) Q3 2021 Results Conference Call November 29, 2021 12:00 PM ET

Company Participants

Adam Kiciński - President and Joint CEO

Piotr Nielubowicz - Member of the Board and CFO

Conference Call Participants

Nick Dempsey - Barclays

Matthew Walker - Credit Suisse

Matti Littunen - Bernstein

Jamie Bass - Berenberg

Chirag Vadhia - Bank of America

Vladimir Bespalov - VTB Capital

Ken Rumph - Jefferies

Tomasz Rodak - BOŚ

Michał Wojciechowski - IPOPEMA Securities

Konrad Krasuski - Bloomberg News

Kacper Koproń - TRIGON

Krzysztof Tkocz - DM BDM


Good day and welcome to the CD Projekt Group Financial Results for Q3 2021 Conference Call. Today’s conference is being recorded.

At this time, I would like to turn the conference over to Adam Kiciński. Please go ahead.

Adam Kiciński

Good evening. Welcome to the teleconference on CD Projekt Group’s financial results for the third quarter of 2021. I’ll run this call together with Piotr Nielubowicz, Member of the Board and CFO. After the presentation, we will run the Q&A session. The webcast of the presentation, along with audio feed are also being streamed on our corporate website and on our IR YouTube channel.

Let’s begin with slide 2, where you will find the chart presenting the allocation of our development team to ongoing projects. As you can see, a gradual shift to new project is taking place, especially as more and more developers join the team working on the expansion to Cyberpunk. Since its launch, Cyberpunk 2077 has already been significantly improved, which is, for example, reflected by the increasingly positive sentiment surrounding it on Steam. That said, we are still working hard to better gamers’ experience on every platform and to deliver next-gen quality in the next-gen version.

Moving on to slide 3, I’d like to

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