DON'T NOD narrowed its net loss to €20.8 million in H1 2025, down from €42.4 million in the same period last year.
02
Core revenue increased 3.8-fold to €7.0 million, though total operating revenue fell 5% to €13.9 million due to a €13.1 million non-cash write-down of the Bloom & Rage asset.
03
Personnel costs dropped 16% to €12.5 million following a Paris studio reorganization and Canadian resource realignment, generating €3.8 million in projected 2025 savings.
04
The company ended the half-year with a cash balance of €23.4 million and negative free cash flow of €8.7 million, an improvement of €1.4 million over the previous year.
05
A new development agreement with Netflix for a narrative game based on a major IP marks a strategic pivot toward external licensing and cloud gaming.
06
Operational targets for H2 2025 include the launch of The Lonesome Guild, the development of Aphelion for Xbox Game Pass, and the co-production of project P14.
Insights
01
DON'T NOD narrowed its net loss to €20.8 million in H1 2025, down from €42.4 million in the same period last year.
02
Core revenue increased 3.8-fold to €7.0 million, though total operating revenue fell 5% to €13.9 million due to a €13.1 million non-cash write-down of the Bloom & Rage asset.
03
Personnel costs dropped 16% to €12.5 million following a Paris studio reorganization and Canadian resource realignment, generating €3.8 million in projected 2025 savings.
04
The company ended the half-year with a cash balance of €23.4 million and negative free cash flow of €8.7 million, an improvement of €1.4 million over the previous year.
05
A new development agreement with Netflix for a narrative game based on a major IP marks a strategic pivot toward external licensing and cloud gaming.
06
Operational targets for H2 2025 include the launch of The Lonesome Guild, the development of Aphelion for Xbox Game Pass, and the co-production of project P14.