- 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.