Updated Mar 17, 2026 by 11 bit studios
11 bit studios reported 74.2 million PLN in 2022 revenue, a 5.8% year-over-year increase, despite a 20.2% decline in net profit to 22.9 million PLN due to rising operational costs and a 3.66 million PLN donation to the Ukrainian Red Cross.
The company is heavily prioritizing long-term growth, evidenced by a 69% surge in intangible assets to 99.9 million PLN and a 130 million PLN combined production budget for internal titles *Frostpunk 2*, *The Alters*, and *Project 8*.
The publishing division reached a record 38% revenue share, bolstered by strategic equity stakes in external partners, including 40% of Fool’s Theory and 5.18% of Starward Industries.
The studio expanded its workforce by 30% to 245 employees to support a target release cadence of one internal and three to four external titles annually.
The United States remains the company's dominant market, accounting for 77.4% of total sales.
The company maintains a conservative financial position with a 92% equity-to-asset ratio and an 8.98% leverage ratio, opting to reinvest 2021 profits into supplementary capital rather than issuing dividends.
11 bit studios reported 74.2 million PLN in 2022 revenue, a 5.8% year-over-year increase, despite a 20.2% decline in net profit to 22.9 million PLN due to rising operational costs and a 3.66 million PLN donation to the Ukrainian Red Cross.
The company is heavily prioritizing long-term growth, evidenced by a 69% surge in intangible assets to 99.9 million PLN and a 130 million PLN combined production budget for internal titles *Frostpunk 2*, *The Alters*, and *Project 8*.
The publishing division reached a record 38% revenue share, bolstered by strategic equity stakes in external partners, including 40% of Fool’s Theory and 5.18% of Starward Industries.
The studio expanded its workforce by 30% to 245 employees to support a target release cadence of one internal and three to four external titles annually.
The United States remains the company's dominant market, accounting for 77.4% of total sales.
The company maintains a conservative financial position with a 92% equity-to-asset ratio and an 8.98% leverage ratio, opting to reinvest 2021 profits into supplementary capital rather than issuing dividends.