Key insights
7 takeaways · ~3 min read- 0111 bit studios' net profit for the nine months ended September 30, 2024, was PLN 47,547,111, a significant increase from PLN 1,350,738 in the same period of 2023.See it on page 51
- 02Total comprehensive income for the nine months ended September 30, 2024, reached PLN 274,612,144, up from PLN 231,721,429 in the prior year.See it on page 24
- 03The company's cost of services increased to PLN 28,565,995 in Q1-Q3 2024, from PLN 20,038,142 in Q1-Q3 2023, driven by higher royalties (PLN 11,766,222) and marketing expenses (PLN 5,194,744).See it on page 23
- 04Salaries and wages rose to PLN 15,451,599 in Q1-Q3 2024 (from PLN 9,588,136 in 2023), including a non-cash provision of PLN 2,882,089 for the 2021–2025 Incentive Scheme.See it on page 24
- 05Finance costs significantly increased to PLN 2,781,184 in Q1-Q3 2024 from PLN 932,271 in Q1-Q3 2023, largely due to exchange differences (PLN 1,889,374) and measurement of financial instruments (Starward Industries S.A.) (PLN 440,287).See it on page 23
- 0611 bit studios holds a 40% ownership interest in Fool’s Theory Sp. z o.o., with the second tranche payment for the acquisition tied to the net revenue and positive user ratings of the game "The Thaumaturge," released on March 4, 2024.See it on page 32
- 07Piotr Wierzbicki and Marcin Kuciapski, members of the Supervisory Board, acquired 550 and 420 shares of 11 bit studios S.A. respectively in September 2024, while Przemysław Marszał's holding decreased to 4.96% after selling 1,100 shares in February 2024.See it on page 52
Summary
QUARTERLY REPORT OF 11 BIT STUDIOS FOR NINE MONTHS ENDED 30 SEPTEMBER 2024 DEAR SHAREHOLDERS AND INVESTORS, It is with great pleasure that we present the quarterly report of 11 bit studios S.A. for the nine months ended 30 September 2024.
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