Yesterday, CD Projekt RED published their financial report for the first quarter of 2019. The company provided a brief video recap with CFO (Chief Financial Officer) Piotr Nielubowicz, who also shared an update on the development of Cyberpunk 2077.
The development of our next flagship game – Cyberpunk 2077 - is proceeding at full speed, with over 400 people currently involved in the project. In the first quarter, the Group spent 25 million PLN on development of new videogames and technologies for a cumulative balance of Research & Development expenditures of 264 million PLN.
The most important E3 fair in the Group’s history is upon us. We have a truly exciting line-up and cannot wait to present it! For the first time in our history, we will also be showcasing Cyberpunk 2077 at our public stand.
As June is shaping up to be a very exciting month, I invite you to participate in this event, and also to follow our activities on social media and on cdprojekt.com.
Interestingly, he said that next month will be 'very exciting' with E3 2019 set to be the company's most important ever. This will inevitably fuel speculation of a Cyberpunk 2077 release date announcement coming during the Los Angeles fair, where a new hour-long demo will be showcased to the press (Wccftech included).
Furthermore, Nielubowicz referred to a 'line-up' of products due to be presented. Perhaps there's a new GWENT game similar to Thronebreaker coming up, though there is also the chance he was referring to something bigger such as the other triple-A roleplaying game they have scheduled to release by 2021.
We'll know soon enough, anyway. Until then, stay tuned!
![[PL/EN] Grupa CD PROJEKT — wyniki finansowe za I kw. 2019 r. | KOMENTARZ](https://i.ytimg.com/vi/0vpoJEBkTUU/hqdefault.jpg)
About the author: With over two decades of experience in gaming journalism, Alessio Palumbo has led the gaming vertical at Wccftech since August 2015. He started working at a young age for Italian websites like Everyeye.it, Gamestar.it, Nextgame.it, and Multiplayer.it before kickstarting the indie English-language publication Worlds Factory as its founder and Editor in Chief. In the last decade, he has coordinated the overall output of Wccftech's gaming section, managed PR relations, assigned reviews, produced daily news coverage, edited gaming content as needed, and delivered game reviews. Arguably, his trademark content is the long series of exclusive developer interviews that have been cited by Wikipedia and by the biggest news media and gaming publications. His passion for technology also makes him knowledgeable when it comes to gaming hardware and tech. His favorite genres include RPGs, MMORPGs, and action/adventure games.
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