Updated Mar 17, 2026 by 11 bit studios
11 bit studios is investing PLN 110 million into three major internal projects: Frostpunk 2, Project 8, and Dolly.
The company has allocated PLN 80 million to expand its third-party publishing division through 2023, aiming for a consistent annual release cycle of one proprietary game and multiple external titles.
Financial performance for the first nine months of 2021 showed a year-over-year decline, with revenue at PLN 49.2 million and net profit at PLN 17.4 million due to the aging of the existing portfolio.
The studio maintains a strong liquidity position with PLN 121.5 million in financial assets and cash reserves of PLN 38.1 million.
Workforce expansion to 192 employees and a migration to Unreal Engine led to a 74.6% increase in salary expenses during the period.
Total assets grew by 9.8% to PLN 204.7 million, supported by a strategy to diversify the Frostpunk IP into mobile, board game, and literary markets.
11 bit studios is investing PLN 110 million into three major internal projects: Frostpunk 2, Project 8, and Dolly.
The company has allocated PLN 80 million to expand its third-party publishing division through 2023, aiming for a consistent annual release cycle of one proprietary game and multiple external titles.
Financial performance for the first nine months of 2021 showed a year-over-year decline, with revenue at PLN 49.2 million and net profit at PLN 17.4 million due to the aging of the existing portfolio.
The studio maintains a strong liquidity position with PLN 121.5 million in financial assets and cash reserves of PLN 38.1 million.
Workforce expansion to 192 employees and a migration to Unreal Engine led to a 74.6% increase in salary expenses during the period.
Total assets grew by 9.8% to PLN 204.7 million, supported by a strategy to diversify the Frostpunk IP into mobile, board game, and literary markets.