Cd Projekt Sa Unsp/Adr

Ladies and gentlemen, thank you for standing by. And I would like to welcome you to TD Project's Q1 2025 earnings conference call on the 28th of May. At this time, all participant lines are in listen-only mode. The format of the call today will be a presentation by the management team followed by a question and answer session. So without further ado, I would now like to pass the line to Mr. Michał Nowakowski, the Joint Chief Executive Officer of TD Project. Please go ahead, sir.

Hello, sorry. Good afternoon. My name is Michał Nowakowski and I'll be your host during today's conference where we sum up the first quarter of 2025. I will be co-presenting with Piotr Nielbowicz. After the presentation, we will invite you to participate in a Q&A session where we'll be joined by Karolina Gnasz, our VP and Head of Investor Relations. Starting off, please let me highlight some truly exciting news for Cyberpunk 2077. On April 2nd, during the highly anticipated Nintendo Direct Conference, we revealed that Cyberpunk 2077 Ultimate Edition would be a launch title for the brand new Nintendo Switch 2, debuting alongside the console on June 5th, 2025, which is just a week away. This is a milestone moment for us, marking the very first time one of our games will be a launch title on a new platform. The anticipation surrounding Nintendo Switch 2 is immense, and we believe this presents a fantastic opportunity to introduce the world of Night City to a whole new wave of players. And this isn't just a simple port. Our teams have worked diligently to tailor the Cyberpunk 2077 Ultimate Edition experience specifically for the innovative capabilities of Nintendo Switch 2. Initial reactions from the media and players who have had hands-on time with Cyberpunk 2077 on the Switch 2 at Nintendo's Global Preview events have been very encouraging, and while the ultimate judgment, of course, rests with the players, we feel quite optimistic about the upcoming launch. Building on the excitement and continued growth of the Cyberpunk universe that we just highlighted with the upcoming Nintendo Switch 2 launch, I'm also thrilled to announce a significant milestone for the Phantom Liberty expansion, which has now surpassed 10 million copies sold worldwide since its release back in September 2023. And this achievement reached in just over 20 months is a powerful testament to both the quality of the expansion and the enduring appeal of the Cyberpunk franchise. And that appeal, along with our desire to tell the new captivating stories is precisely what fuels our ongoing work on the future of the Cyberpunk franchise. I'm pleased to share that Cyberpunk 2, which we had previously referred to as Project Orion, successfully concluded its concept phase a few weeks ago and has transitioned into pre-production. Thus, we are well on our way towards delivering the next big Cyberpunk game in due time. Now, shifting gears, let's move to the Witcher franchise. On May 19th, just over a week ago, we proudly celebrated the 10th anniversary of the release of The Witcher 3 Wild Hunt. And this groundbreaking title is not only a pop culture phenomenon that has captured the hearts of millions of players worldwide, but it also represents a cornerstone of CD Projekt's of our success over the past decades. And looking back at these past 10 years, the commercial success of The Witcher 3 Wild Hunt has been nothing short of phenomenal. And I am incredibly proud to announce that the global sales of The Witcher 3 have now surpassed an astounding 60 million copies. And reflecting on the premiere that happened 10 years ago, we had no idea what lay ahead. And even in our wildest dreams, we couldn't have imagined how significant this would become for all of us. I would like to here extend my deepest gratitude to everyone who was part of that journey, whether as a team member, a dedicated fan, or a fan who ultimately became a team member. This remarkable figure of 60 billion copies firmly establishes The Witcher 3 as one of the best-selling games of all time. a testament to its enduring quality, immersive world, and unwavering support of our global players. Our goal is now to introduce them, along with those who are not yet familiar with our franchise, to a new saga that will begin with the upcoming fourth installment of The Witcher. And over the past decade, The Witcher 3 Wild Hunt has generated an impressive 2.4 billion Polish zlotys in revenue. The remarkable financial performance underscores the enduring value of the franchise and its continued contribution to CD Projekt's strong financial foundation, enabling us to dive into new projects and pursue our creative vision independently as we shape the future of both The Witcher and the Cyberpunk universes, as well as a third IP codenamed Hadar. Regarding current project allocation, as of the end of April, our dev team has expanded slightly, now consists of over 730 talented developers. The Witcher 4 team with over 420 developers on board focuses on production phase work, while the Cyberpunk 2 team has entered the pre-production phase and will be our primary recruitment focus for this year. Beyond these undertakings, our other pipeline projects have seen minor adjustments in team sizes, aligning with their ongoing progress and evolving workload requirements. And that's all from me for now. Now it's time for Piotr.

Thank you, Michał, and good evening, everyone.