11 bit studios reported H1 2019 revenue of PLN 30.7 million and a net profit of PLN 6.4 million, marking a decline from the record-breaking H1 2018 period.

According to "Half-Year Report of 11 Bit Studios S.A. for H1 2019": 11 bit studios reported H1 2019 revenue of PLN 30.7 million and a net profit of PLN 6.4 million, marking a decline from the record-breaking H1 2018 period.

The company maintains a strong financial position with PLN 126.6 million in total assets and approximately PLN 84 million in cash and liquid assets, enabling self-funded operations.

According to "Half-Year Report of 11 Bit Studios S.A. for H1 2019": The company maintains a strong financial position with PLN 126.6 million in total assets and approximately PLN 84 million in cash and liquid assets, enabling self-funded operations.

Core portfolio performance remains steady, with Frostpunk reaching 1.4 million copies sold and Moonlighter surpassing 1 million players.

According to "Half-Year Report of 11 Bit Studios S.A. for H1 2019": Core portfolio performance remains steady, with Frostpunk reaching 1.4 million copies sold and Moonlighter surpassing 1 million players.

The studio is scaling internal development with a headcount of 121 employees and a PLN 20 million budget allocated to the new title 'Project 8', aiming to support three concurrent development teams.

According to "Half-Year Report of 11 Bit Studios S.A. for H1 2019": The studio is scaling internal development with a headcount of 121 employees and a PLN 20 million budget allocated to the new title 'Project 8', aiming to support three concurrent development teams.

The publishing division is increasing its per-project investment cap from PLN 2 million to PLN 5 million to support a target release cadence of one third-party title per quarter.

According to "Half-Year Report of 11 Bit Studios S.A. for H1 2019": The publishing division is increasing its per-project investment cap from PLN 2 million to PLN 5 million to support a target release cadence of one third-party title per quarter.

Despite the year-on-year profit decline, the company's market capitalization increased by over 60% during the period, signaling strong investor confidence in its long-term growth strategy.

According to "Half-Year Report of 11 Bit Studios S.A. for H1 2019": Despite the year-on-year profit decline, the company's market capitalization increased by over 60% during the period, signaling strong investor confidence in its long-term growth strategy.

Growth in H2 2019 is expected to be driven by the release of Children of Morta and the launch of Frostpunk on consoles.

According to "Half-Year Report of 11 Bit Studios S.A. for H1 2019": Growth in H2 2019 is expected to be driven by the release of Children of Morta and the launch of Frostpunk on consoles.

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Key Insights

Half-Year Report of 11 Bit Studios S.A. for H1 2019

11 bit studios~138 min full read

01
11 bit studios reported H1 2019 revenue of PLN 30.7 million and a net profit of PLN 6.4 million, marking a decline from the record-breaking H1 2018 period.
See it on page 39
02
The company maintains a strong financial position with PLN 126.6 million in total assets and approximately PLN 84 million in cash and liquid assets, enabling self-funded operations.
See it on page 47
03
Core portfolio performance remains steady, with Frostpunk reaching 1.4 million copies sold and Moonlighter surpassing 1 million players.
See it on page 36
04
The studio is scaling internal development with a headcount of 121 employees and a PLN 20 million budget allocated to the new title 'Project 8', aiming to support three concurrent development teams.
See it on page 47
05
The publishing division is increasing its per-project investment cap from PLN 2 million to PLN 5 million to support a target release cadence of one third-party title per quarter.
See it on page 47
06
Despite the year-on-year profit decline, the company's market capitalization increased by over 60% during the period, signaling strong investor confidence in its long-term growth strategy.
See it on page 38
07
Growth in H2 2019 is expected to be driven by the release of Children of Morta and the launch of Frostpunk on consoles.
See it on page 2

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