11 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.
02
Total 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.
03
The 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).
04
Salaries 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.
05
Finance 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).
06
11 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.
07
Piotr 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.
Insights
01
11 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.
02
Total 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.
03
The 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).
04
Salaries 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.
05
Finance 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).
06
11 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.
07
Piotr 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.