Updated Mar 17, 2026 by 11 bit studios
11 bit studios reported a 19.6% year-on-year revenue increase to PLN 17.75 million and a net profit of PLN 3.77 million for Q1 2022.
The company maintains a strong liquidity position with PLN 117.3 million in total financial assets, including PLN 50.4 million in cash and cash equivalents.
The studio is scaling its internal production to a three-team structure with a combined budget of approximately PLN 110 million, focusing on titles including Frostpunk 2, Project 8, and Dolly.
The publishing division is expanding with PLN 30 million currently allocated to external projects and an additional PLN 50 million earmarked for new releases through 2023, targeting three to four launches annually.
Strategic growth efforts include the acquisition of a 40% stake in Fool’s Theory and the implementation of a long-term incentive scheme targeting PLN 656 million in revenue by 2025.
Financial results for the quarter were impacted by a one-time PLN 3.68 million donation to the Ukrainian Red Cross and costs related to a new employee incentive scheme.
11 bit studios reported a 19.6% year-on-year revenue increase to PLN 17.75 million and a net profit of PLN 3.77 million for Q1 2022.
The company maintains a strong liquidity position with PLN 117.3 million in total financial assets, including PLN 50.4 million in cash and cash equivalents.
The studio is scaling its internal production to a three-team structure with a combined budget of approximately PLN 110 million, focusing on titles including Frostpunk 2, Project 8, and Dolly.
The publishing division is expanding with PLN 30 million currently allocated to external projects and an additional PLN 50 million earmarked for new releases through 2023, targeting three to four launches annually.
Strategic growth efforts include the acquisition of a 40% stake in Fool’s Theory and the implementation of a long-term incentive scheme targeting PLN 656 million in revenue by 2025.
Financial results for the quarter were impacted by a one-time PLN 3.68 million donation to the Ukrainian Red Cross and costs related to a new employee incentive scheme.