- 01
11 bit studios reported Q1 2023 revenue of PLN 14.8 million, EBITDA of PLN 3.0 million, and a net profit of PLN 2.46 million, exceeding internal budget expectations despite a year-on-year decline.
- 02
Development expenditure rose 28.2% year-on-year to PLN 12.14 million as the company intensifies investment in its proprietary and third-party game pipeline.
- 03
The company’s publishing division is preparing for the 2023 releases of The Invincible and The Thaumaturge, which are expected to drive financial performance in the second half of the year.
- 04
Revenue remains supported by the continued monetization of the Frostpunk and This War of Mine catalogs, supplemented by income from the Frostpunk board game and a revaluation of the company's stake in Starward Industries.
- 05
Strategic growth through 2025 centers on the development of major proprietary titles, specifically Frostpunk 2, The Alters, and the unannounced Project 8.
- 06
Management maintains a strong cash position to fund its development goals while balancing steady income from established intellectual properties with heavy investment in upcoming projects.