GDANSK (Reuters) -CD Projekt, Poland's biggest games developer, posted a 39% rise in full-year net profit on Thursday, driven by strong sales of its flagship game Cyberpunk 2077 and the Phantom Liberty expansion.

Net profit reached 481.1 million zlotys ($120.66 million), beating analysts' expectations of 428 million zlotys. Revenue for the year was up 29% to 1.23 billion zlotys.

"Update 2.0 and the Phantom Liberty expansion for Cyberpunk 2077 were released in September and met with enthusiastic reception on the part of gamers and gaming media alike. This resulted in strong sales of both titles," Chief Financial Officer Piotr Nielubowicz said in a statement.