Cyberpunk 2077 and The Witcher studio CD Projekt has released its latest earnings report for Q1, and total profit dropped substantially.

CD Projekt made a profit of 32.487 million zloty, which is down sharply from the 91.979 million zloty that the company made during the January-March period of 2020. Total revenue, however, climbed to 197.632 million zloty for Q1 2021. The profit decrease was attributable in part to an increase in the cost of goods sold.

CD Projekt also reminded people that 2020’s Q1 results were the strongest in the company’s history, fueled in part by stay-at-home orders that saw people turn to games. Not only that, but in Q1 2020, The Witcher game sales rose by 500% thanks to Netflix’s hugely successful TV show, while The Witcher 3 for Nintendo Switch was just recently released at the time, all of which contributed to strong results for CD Projekt at the time.

These factors have since “subsided,” CD Projekt said.

For Q1 2021, CD Projekt sa…