Updated Mar 17, 2026 by 11 bit studios
11 bit studios achieved its third consecutive year of profitability in 2013, with net sales revenue growing 28% year-over-year to 4.3 million PLN.
Net profit declined to approximately 1.01 million PLN as operating costs rose by 44.9%, driven by increased personnel expenses and the simultaneous development of three major titles including This War of Mine and Anomaly Defenders.
The company maintained a strong financial position with 3.74 million PLN in cash reserves and total assets of 8.7 million PLN, allowing for self-funded operations heading into 2014.
Over 93% of the company's revenue was generated from foreign markets, creating significant exposure to USD/PLN currency fluctuations.
To diversify revenue and reduce reliance on third-party platforms, the firm launched the '11 bit launchpad' publishing initiative and the 'Games Republic' digital distribution platform.
Management mitigated labor market risks by implementing internal training systems to address the shortage of specialized talent in Poland.
11 bit studios achieved its third consecutive year of profitability in 2013, with net sales revenue growing 28% year-over-year to 4.3 million PLN.
Net profit declined to approximately 1.01 million PLN as operating costs rose by 44.9%, driven by increased personnel expenses and the simultaneous development of three major titles including This War of Mine and Anomaly Defenders.
The company maintained a strong financial position with 3.74 million PLN in cash reserves and total assets of 8.7 million PLN, allowing for self-funded operations heading into 2014.
Over 93% of the company's revenue was generated from foreign markets, creating significant exposure to USD/PLN currency fluctuations.
To diversify revenue and reduce reliance on third-party platforms, the firm launched the '11 bit launchpad' publishing initiative and the 'Games Republic' digital distribution platform.
Management mitigated labor market risks by implementing internal training systems to address the shortage of specialized talent in Poland.