Updated Mar 17, 2026 by 11 bit studios
11 bit studios achieved a 168.9% year-on-year revenue increase to PLN 140.54 million in 2024, driven primarily by the launch of Frostpunk 2, which recouped its development costs within three days.
The company recorded a modest net profit of PLN 6.9 million and an operating loss of PLN 2.84 million, heavily impacted by PLN 67.4 million in non-cash impairment losses.
A significant PLN 48.4 million impairment charge was incurred due to the cancellation of 'Project 8', alongside additional write-downs for the underperforming titles The Thaumaturge and Creatures of Ava.
Despite operational losses, the company maintains a strong liquidity position with cash reserves increasing to PLN 65.5 million, sufficient to fund future projects without external financing.
Strategic focus has shifted toward larger-scale IP, with the release of The Alters rescheduled for June 2025 and a new title in the Frostpunk universe planned for 2027.
The United States remains the company's largest market, with Steam serving as the dominant distribution platform for its portfolio.
11 bit studios achieved a 168.9% year-on-year revenue increase to PLN 140.54 million in 2024, driven primarily by the launch of Frostpunk 2, which recouped its development costs within three days.
The company recorded a modest net profit of PLN 6.9 million and an operating loss of PLN 2.84 million, heavily impacted by PLN 67.4 million in non-cash impairment losses.
A significant PLN 48.4 million impairment charge was incurred due to the cancellation of 'Project 8', alongside additional write-downs for the underperforming titles The Thaumaturge and Creatures of Ava.
Despite operational losses, the company maintains a strong liquidity position with cash reserves increasing to PLN 65.5 million, sufficient to fund future projects without external financing.
Strategic focus has shifted toward larger-scale IP, with the release of The Alters rescheduled for June 2025 and a new title in the Frostpunk universe planned for 2027.
The United States remains the company's largest market, with Steam serving as the dominant distribution platform for its portfolio.