Should I buy CD Projekt stock in 2025?

What is CD Projekt?

How much is the CD Projekt stock?

The price of CD Projekt stock is rising this week. The current share price is PLN 220.50, reflecting a 0.64% increase over the past 24 hours, while the weekly change sits slightly lower at -0.23%. With a market cap of PLN 22.03 billion and an average 3-month volume of 314,388 shares, CD Projekt offers high liquidity. The P/E ratio stands at 50.34, the dividend yield is 0.46%, and the stock’s beta is 0.30, suggesting modest volatility. For NZ investors, CD Projekt’s steady growth and relatively low beta may offer appealing stability amid global gaming sector trends.

Our full analysis of the CD Projekt stock

Having thoroughly reviewed CD Projekt’s latest financial results alongside its equity market performance over the past three years, our multi-factor analysis—blending quantitative indicators, technical signals, sector data, and peer benchmarking through our proprietary algorithms—points to a period of compelling potential for the stock. In the context of a rapidly evolving gaming industry and CD Projekt’s clear strategic positioning, this raises a timely and important question for New Zealand investors: what are the elements that could see CD Projekt stock emerge as a strategic gateway into the electronic gaming sector for 2025 and beyond?

Recent Performance and Market Context

CD Projekt’s shares (WSE: CDR) have demonstrated notable resilience and relative outperformance, particularly in the past twelve months. As of 30 May 2025, the stock trades at PLN 220.50 per share, reflecting a 58.41% gain year-over-year and up 33.80% over the last six months. While the last month has seen a modest -5.32% performance, this appears to be a healthy consolidation phase after a stellar run.

Key drivers of this strong trajectory include the company’s high-profile post-launch recovery of Cyberpunk 2077 and the sustained commercial success of The Witcher 3, whose lifetime revenue continues to compound. Importantly for NZ market participants, the gaming sector globally remains on a structural uptrend—with robust demographic tailwinds, technological advancements, and pandemic-accelerated adoption reshaping entertainment consumption patterns. CD Projekt, with its deep intellectual property portfolio and global reach (over 71% of revenue from the Americas), is positioned to benefit disproportionately from these favourable macro trends, especially as the sector’s cyclicality is tempered by a renewed focus on quality and gamer engagement.

Technical Analysis

The stock’s technical picture is constructive, particularly over the short to medium term. The 14-day RSI stands at a neutral 51.16—indicating neither overbought nor oversold conditions, and leaving ample room for upside. The MACD (12,26) provides a mild buy signal at 0.19, reinforcing the notion of growing bullish momentum.

CD Projekt is currently trading above its short- and medium-term moving averages (MA5 through MA50), a technically favourable posture suggesting underlying demand is steady. The MA5 (PLN 219.96), MA10 (PLN 220.44), and MA20 (PLN 220.09) have all registered buy signals, while longer-term trends (MA100 at PLN 224.49 and MA200 at PLN 233.00) highlight potential upside room as reaccumulation continues.

Crucially, immediate price action situates the stock above its key support at PLN 218.17, with resistance set at PLN 221.77—a narrow band that points to imminent volatility and potential breakout, especially as we approach upcoming project milestones.

Fundamental Analysis

• Q1 2025 net profit of PLN 86 million and a robust 38% net margin, with revenue broadly flat year-on-year—highlighting cost control and the resilience of its core franchises.
• Full-year 2024 net income reached PLN 469.87 million, only a modest -2.33% lower than the prior year, despite a one-off 19.9% revenue contraction after a blockbuster 2023 release cycle.
• Earnings per share stand at PLN 4.53, supported by a dividend (PLN 1.00/share) and healthy cash reserves (PLN 1.17 billion).

While valuation multiples remain elevated on a trailing basis (P/E of 50.34 and P/S at 19.85), these are justified by a lucrative business model built around globally recognised IP and scalable digital distribution. Importantly, CD Projekt’s balance sheet remains practically debt-free (debt/equity at 0.60%), and its return on equity (16.88%) and return on assets (8.16%) both compare favourably with global gaming peers.

The company’s structural strengths—a premium brand, cult-followed franchises, and a proactive transition to Unreal Engine 5 for future development—suggest a strong moat in an industry that rewards creativity and execution.

Volume and Liquidity

Liquidity dynamics around CD Projekt stock are exceptionally robust, with current daily volume (527,755 shares) running at 170% of the three-month average. This surge in trading activity is typically a proxy for heightened institutional and retail conviction, and bodes well for price discovery and dynamic revaluations as positive newsflow accelerates.

With just over 66 million shares in the public float out of a total 99.91 million shares, the stock’s limited effective free float can supercharge upward moves during periods of heavy buying—a dynamic that often amplifies technical breakouts and underscores the market’s anticipation of future catalysts.

Catalysts and Positive Outlook

• The Witcher 4 is now in full-scale production with 411 developers—a substantial resource allocation that signals both scale and commitment, with the first instalment in a planned new trilogy scheduled post-2026.
• Cyberpunk 2 has formally entered pre-production, mobilising 96 developers and aiming for a release in the next cycle (post-2030).
• Five active projects, including two unannounced titles, point to a sustained cadence of major product releases—minimising earnings volatility and spreading risk across multiple high-profile launches.
• Adoption of cutting-edge technology (Unreal Engine 5) significantly de-risks future development and improves efficiency, while also enabling technical innovation.

ESG (environmental, social, governance) and corporate responsibility are increasingly prominent in investor decisions. CD Projekt has made tangible moves in governance best practice, and its ability to manage a multinational revenue base (Americas, Europe, Asia) places it ahead of European tech peers for global exposure.

On the regulatory side, the regulatory climate for digital content distribution remains favourable, and expanding cloud gaming/streaming services present new revenue opportunities, particularly in fast-growing Asian markets.

Investment Strategies

• Short-term:
• Attractive entry near technical support (PLN 218–220) offers a tactical position, particularly with above-average liquidity and a tight consolidation structure.
• The next technical catalyst may come with a break above PLN 221.77 resistance, signalling renewed buying interest.
• Medium-term:
• The high trading volume, alongside a robust and visible development slate, suggests a medium-term re-rating is likely as milestones (such as key Witcher 4 updates) approach.
• Earnings seasonality and the ex-dividend date on June 27, 2025, could serve as near-term volatility triggers.
• Long-term:
• Investors with a multi-year outlook benefit from CD Projekt’s exceptional IP assets, disciplined capital management, and the tailwind of global gaming sector growth.
• The planned trilogy format for The Witcher and a new Cyberpunk cycle create a uniquely transparent long-term revenue roadmap, rare among creative tech companies.

For New Zealand investors, these elements appeal to both active traders seeking high-conviction ideas and longer-term portfolios aiming for sustained exposure to global creative technology.

Is it the Right Time to Buy CD Projekt?

• Market-leading franchises with established global appeal and expanding monetisation options.
• Strong operational execution, profitability, and fortressed balance sheet—with an impressive cash position and minimal leverage.
• Favourable technical profile—hovering above key support, backed by powerful trading volume.
• Dense pipeline of value-creating catalysts, combined with a clear strategic vision and progressive technology adoption.
• Attractive positioning as an internationally recognised European gaming studio, offering diversification versus US-centric tech exposure.

In the context of the broader uptrend in gaming and digital entertainment, CD Projekt seems to represent an excellent opportunity for investors seeking quality, innovation, and long-term strategic upside. With a technical setup hinting at bullish potential, stable financial results, and numerous growth drivers on the horizon, the fundamentals justify renewed interest.

The convergence of robust operational discipline, international market leadership, and imminent new product cycles suggests that CD Projekt may be entering a new bullish phase—one that sharp-eyed investors should consider as a smart pathway to participate in the next evolution of global interactive entertainment.

For those seeking a blend of world-class IP, scalable growth, and technical momentum within the global tech sector, CD Projekt may be uniquely positioned to outperform in the coming quarters and years.

How to buy CD Projekt stock in New Zealand?

Buying CD Projekt stock online is both simple and secure for New Zealand investors, thanks to regulated brokers that offer access to global stock markets. You have two main methods to invest: spot buying (where you own actual shares), and trading Contracts for Difference (CFDs), which allow for leveraged and flexible positions without owning the underlying asset. Each method comes with its own risks, fees, and potential rewards. To help you decide, we provide a detailed broker comparison further down this page—make sure to review it before opening an account.

Spot buying

Spot (or cash) buying means you purchase real CD Projekt shares, typically listed on the Warsaw Stock Exchange (PLN currency) or as an ADR/OTC equivalent like OTGLY (USD). You become a direct shareholder and are entitled to dividends and voting rights, as well as potential capital gains if the stock price rises. Most brokers charge a fixed commission per order—generally around NZD 5 to NZD 15 per trade, depending on the platform.

Example

Let’s assume CD Projekt trades at PLN 220.50 per share (approx. NZD 85 at current rates). With NZD 1,000 and a NZD 5 trading fee, you could buy about 11 shares: (NZD 1,000 - NZD 5) / NZD 85 ≈ 11.7 shares (rounded down to 11).
✔️ Gain scenario:
If the share price rises by 10%, your shares are now worth NZD 1,100.
Result: +NZD 100 gross gain—an increase of +10% on your original investment.

Trading via CFD

CFDs (Contracts for Difference) enable you to speculate on CD Projekt’s share price movements without buying the underlying shares. You trade on margin, which means you can use leverage (for example, 5:1), amplifying both gains and losses. Brokers typically charge a spread (the difference between buy and sell price) plus overnight financing costs if you hold your position for more than a day.

Example

With NZD 1,000 and 5x leverage, you control market exposure of NZD 5,000. If CD Projekt’s share price rises by 8%, your position gains 8% × 5 = 40%.
✔️ Gain scenario:
40% of your original NZD 1,000 equals a NZD 400 gain (not including fees).
Result: +NZD 400 profit on a NZD 1,000 stake—significantly higher returns, but also higher risk if the price falls.

Final advice

Before investing, always compare broker fees, available markets (for both Warsaw-listed and OTC shares), and customer support quality. Each broker’s fee structure and trading conditions can greatly affect your investment returns. Your choice between spot buying and CFDs should depend on your investment goals, risk tolerance, and whether you seek ownership or prefer active trading flexibility. For a detailed, up-to-date overview of the best options available in New Zealand, consult our broker comparison tool further down the page. Invest thoughtfully and stay informed!

Our 7 tips for buying CD Projekt stock

The latest news about CD Projekt

CD Projekt has maintained robust year-over-year stock performance, with a +58.41% increase and high trading volume. This surge reflects solid market confidence in the company’s ongoing recovery and its strong fundamentals, with daily trading volumes 70% above the three-month average—an indicator of sustained investor interest. For New Zealand-based investors, this positive signal is important, especially given the global accessibility of CD Projekt’s shares through major platforms and the increasing globalization of investment portfolios.

The company’s Q1 2025 financial results showed stable revenues and profitability, meeting analyst expectations and demonstrating operational resilience. Net profit for the quarter reached PLN 86 million on revenues of PLN 226.31 million, maintaining a strong 38% net profit margin. Stability in financial performance reinforces CD Projekt's appeal for institutional and retail investors in New Zealand seeking exposure to international gaming companies with healthy profit structures and reliable management, especially when contrasted with more volatile sector peers.

International revenue diversification remains a strategic advantage, with CD Projekt generating 71.3% of its sales from the Americas and nearly 19% from Europe, with steady ongoing sales of flagship titles in the Asia-Pacific region (including New Zealand). This diversification mitigates regional risk and ensures that New Zealand players and investors benefit from continued franchise activity, particularly as The Witcher and Cyberpunk titles remain widely distributed and supported across local digital storefronts, keeping brand relevance high in the NZ market.

CD Projekt is advancing its most valuable intellectual properties, with The Witcher 4 now in full-scale production and Cyberpunk 2 officially entering pre-production as of May 2025. These updates signal future revenue catalysts, assuring stakeholders that the development pipeline remains active and well-resourced. Of special interest to New Zealand’s investment community is the company’s adoption of Unreal Engine 5, which aligns CD Projekt with global industry standards and enhances the technical appeal of upcoming releases likely to resonate in Western and Australasian gaming markets.

A PLN 1.00-per-share dividend has been confirmed, with an ex-dividend date set for June 27, 2025, supporting shareholder returns for global investors, though New Zealanders should note Polish withholding tax implications and potential impacts from currency fluctuations (NZD/PLN). This dividend announcement, while modest, provides an added layer of predictability and potential income stream for NZ investors considering international equities, highlighting CD Projekt’s commitment to balanced capital allocation and shareholder value creation.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.