11 bit studios achieved record financial performance in 2016 with 27.02 million PLN in consolidated revenue—a 16.6% increase—and a net profit of 12.93 million PLN, driven by the sustained monetization of This War of Mine.

According to "Annual Report of 11 bit studios S.A. for 2016": 11 bit studios achieved record financial performance in 2016 with 27.02 million PLN in consolidated revenue—a 16.6% increase—and a net profit of 12.93 million PLN, driven by the sustained monetization of This War of Mine.

The company is highly export-dependent, generating 98.6% of its revenue outside Poland, with the United States accounting for 77.8% of sales and China emerging as the second-largest market.

According to "Annual Report of 11 bit studios S.A. for 2016": The company is highly export-dependent, generating 98.6% of its revenue outside Poland, with the United States accounting for 77.8% of sales and China emerging as the second-largest market.

R&D investment doubled to 5.4 million PLN in 2016 to fund the development of the high-budget title Frostpunk, the creation of a second internal development team, and the expansion of the publishing division.

According to "Annual Report of 11 bit studios S.A. for 2016": R&D investment doubled to 5.4 million PLN in 2016 to fund the development of the high-budget title Frostpunk, the creation of a second internal development team, and the expansion of the publishing division.

The company maintains a debt-free balance sheet with 29.11 million PLN in cash and equivalents, supporting a strategic transition toward a multi-project model and the discontinuation of the Games Republic distribution platform.

According to "Annual Report of 11 bit studios S.A. for 2016": The company maintains a debt-free balance sheet with 29.11 million PLN in cash and equivalents, supporting a strategic transition toward a multi-project model and the discontinuation of the Games Republic distribution platform.

Market confidence in the company grew significantly, resulting in a 108% increase in stock price and inclusion in the sWIG80 index.

According to "Annual Report of 11 bit studios S.A. for 2016": Market confidence in the company grew significantly, resulting in a 108% increase in stock price and inclusion in the sWIG80 index.

Management identified currency fluctuation as a primary financial risk, as approximately 90% of the company's revenue is denominated in USD.

According to "Annual Report of 11 bit studios S.A. for 2016": Management identified currency fluctuation as a primary financial risk, as approximately 90% of the company's revenue is denominated in USD.

Back to report

Key Insights

Annual Report of 11 bit studios S.A. for 2016

11 bit studios~205 min full read

01
11 bit studios achieved record financial performance in 2016 with 27.02 million PLN in consolidated revenue—a 16.6% increase—and a net profit of 12.93 million PLN, driven by the sustained monetization of This War of Mine.
See it on page 61
02
The company is highly export-dependent, generating 98.6% of its revenue outside Poland, with the United States accounting for 77.8% of sales and China emerging as the second-largest market.
See it on page 60
03
R&D investment doubled to 5.4 million PLN in 2016 to fund the development of the high-budget title Frostpunk, the creation of a second internal development team, and the expansion of the publishing division.
See it on page 2
04
The company maintains a debt-free balance sheet with 29.11 million PLN in cash and equivalents, supporting a strategic transition toward a multi-project model and the discontinuation of the Games Republic distribution platform.
See it on page 65
05
Market confidence in the company grew significantly, resulting in a 108% increase in stock price and inclusion in the sWIG80 index.
See it on page 65
06
Management identified currency fluctuation as a primary financial risk, as approximately 90% of the company's revenue is denominated in USD.
See it on page 37

That's the gist.

Dive into the full report for the data, charts, and sources behind these takeaways.

Read the full report