Key insights
4 slides
Bottom line
Net result swung to a loss of PLN 477,805 in H1 2024.
The company reported a net loss for the first half of 2024.
Page 2 of the reportPLN 477,805
Net loss in H1 2024
- Net profit in H1 2023
- PLN 4,013,206
Revenue growth
Revenue increased to PLN 30,760,568 in H1 2024.
Revenue rose from PLN 24,775,454 in H1 2023. The summary states the company earned PLN 30.76 million in revenue during the period.
Page 60 of the report20113.05
20124.79
20135.71
201415.8
201523.17
201627.01
201719.19
201882.11
Cost pressure
Operating expenses rose to PLN 36,117,307 in H1 2024.
Total operating expenses increased from PLN 24,178,057 in H1 2023. The company experienced an operating loss of PLN 5,352,141 in H1 2024.
Development spend
Game development expenditure increased to PLN 29,611,891 in H1 2024.
Development expenditure on games rose from PLN 26,412,763 in H1 2023. Estimated total development costs for three games potentially exceed PLN 160 million.
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Summary
HALF-YEAR REPORT OF 11 BIT STUDIOS S.A. FOR THE SIX MONTHS ENDED 30 JUNE 2024 (all amounts in PLN unless stated otherwise) DEAR SHAREHOLDERS AND INVESTORS, It is our pleasure to present to you the half-year report of 11 bit studios S.A. for the six months ended 30 June 2024. During the period, we earned PLN 30.76 million in revenue.
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