Report11 bit studios
Quarterly Report for 11 bit studios S.A.: Nine Months Ended September 30th 2021
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Key insights
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The period
The report covers nine months ended September 30th, 2021.
11 bit studios S.A. presents its quarterly report for the nine months ended September 30th, 2021. The results proved much better than the budget in terms of revenue and profits.
Revenue
Revenue was PLN 49,196,100, a 27.82% decrease year-on-year.
Revenue for the nine months ended September 30th, 2021, was PLN 49,196,100. The decrease was primarily due to a high comparative base from the successful 2020 release of Frostpunk: The Last Autumn DLC.
Equity
Total equity increased to PLN 185,464,601 as of September 30th, 2021.
Total equity increased to PLN 185,464,601 as of September 30th, 2021. It was up from PLN 164,648,124 at December 31st, 2020.
Costs
Salaries, wages, and employee benefits increased by 74.63%.
Salaries, wages, and employee benefits increased by 74.63% to PLN 8,938,472 for the nine months ended September 30th, 2021. The increase was largely due to workforce growth and PLN 2,916,714 in non-cash provisions from the 2021–2025 Incentive Scheme.
Earnings
Basic earnings per share decreased to PLN 7.36.
Basic earnings per share decreased to PLN 7.36 for the nine months ended September 30th, 2021.
Page 32 of the reportPLN 7.36
Basic earnings per share for the nine months ended September 30th, 2021
- Basic earnings per share in the corresponding period of 2020
- PLN 13.90
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Summary
QUARTERLY REPORT OF 11 BIT STUDIOS S.A. FOR NINE MONTHS ENDED Dear Shareholders and Investors, It is our pleasure to present to you the report of 11 bit studios S.A. for the nine months ended September 30th 2021. The results for that period, which proved much better than we assumed in our budget both in terms of revenue and profits, clearly demonstrate that the consistent implementation of the Company's growth strategy is bringing tangible financial results.
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