11 bit studios achieved a record Q1 2019 with PLN 14.2 million in revenue and a net profit of PLN 4.4 million, a significant turnaround from the PLN 1 million loss recorded in Q1 2018.

According to "Quarterly Report of 11 bit studios S.A. for Q1 2019": 11 bit studios achieved a record Q1 2019 with PLN 14.2 million in revenue and a net profit of PLN 4.4 million, a significant turnaround from the PLN 1 million loss recorded in Q1 2018.

Financial performance was driven by strong sales of Frostpunk, which reached 1.4 million units, and Moonlighter, which surpassed 500,000 units.

According to "Quarterly Report of 11 bit studios S.A. for Q1 2019": Financial performance was driven by strong sales of Frostpunk, which reached 1.4 million units, and Moonlighter, which surpassed 500,000 units.

The company’s liquidity position improved significantly, with total financial assets doubling year-over-year to PLN 74.6 million.

According to "Quarterly Report of 11 bit studios S.A. for Q1 2019": The company’s liquidity position improved significantly, with total financial assets doubling year-over-year to PLN 74.6 million.

To mitigate volatility, the company increased its publishing budget to PLN 5 million per project and established a target release cadence of one proprietary game per year.

According to "Quarterly Report of 11 bit studios S.A. for Q1 2019": To mitigate volatility, the company increased its publishing budget to PLN 5 million per project and established a target release cadence of one proprietary game per year.

Operational capacity is expanding, with the workforce growing to 112 employees toward a 150-person goal and Project 8 entering full production.

According to "Quarterly Report of 11 bit studios S.A. for Q1 2019": Operational capacity is expanding, with the workforce growing to 112 employees toward a 150-person goal and Project 8 entering full production.

The company is prioritizing future growth through console and mobile ports of existing titles and the upcoming launch of Children of Morta.

According to "Quarterly Report of 11 bit studios S.A. for Q1 2019": The company is prioritizing future growth through console and mobile ports of existing titles and the upcoming launch of Children of Morta.

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Key Insights

Quarterly Report of 11 bit studios S.A. for Q1 2019

11 bit studios~100 min full read

01
11 bit studios achieved a record Q1 2019 with PLN 14.2 million in revenue and a net profit of PLN 4.4 million, a significant turnaround from the PLN 1 million loss recorded in Q1 2018.
02
Financial performance was driven by strong sales of Frostpunk, which reached 1.4 million units, and Moonlighter, which surpassed 500,000 units.
03
The company’s liquidity position improved significantly, with total financial assets doubling year-over-year to PLN 74.6 million.
04
To mitigate volatility, the company increased its publishing budget to PLN 5 million per project and established a target release cadence of one proprietary game per year.
05
Operational capacity is expanding, with the workforce growing to 112 employees toward a 150-person goal and Project 8 entering full production.
06
The company is prioritizing future growth through console and mobile ports of existing titles and the upcoming launch of Children of Morta.

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