- 01
People Can Fly is exiting the virtual reality market following the release of Project Bison in late 2025, citing the cessation of platform subsidies as the primary driver.
- 02
The company reported a net loss of PLN 175.3 million for fiscal year 2024, driven by significant one-off write-offs for Projects Red and Bifrost and the impairment of its Incuvo subsidiary.
- 03
Annual revenue grew to PLN 190.4 million in 2024, up from PLN 150.1 million in 2023, bolstered by work-for-hire contributions from Project Maverick and Project Echo.
- 04
The company is prioritizing work-for-hire revenue, having recently signed a new contract with Sony Interactive Entertainment with a goal to secure two additional projects in 2025.
- 05
Krafton Inc. has waived its right of first refusal for Projects Bifrost and Victoria, allowing People Can Fly to seek new publishing partners for these titles.
- 06
Management is implementing cost-cutting measures, including team and office space optimization, while actively evaluating financing options to support its revised development pipeline.
- 07
The self-publishing roadmap remains active with the scheduled early access launch of Lost Rift in 2025, supported by a global workforce of 756 employees.