Starbreeze Interim Report: January - March 2023

Key insights

7 takeaways

01
Starbreeze is preparing for the 2023 launch of PAYDAY 3, with marketing campaigns scheduled to begin in the summer.See it on page 4
02
The company announced a SEK 450 million rights issue on April 28, 2023, to strengthen its balance sheet and accelerate growth initiatives.See it on page 6
03
Steam revenue for PAYDAY 2 increased by approximately 24% year-over-year in Q1 2023, driven by a higher revenue-sharing tier of 80% compared to the previous 75%.See it on page 6
04
Cash and cash equivalents totaled SEK 78.0 million at the end of Q1 2023, down from SEK 112.6 million in the same period of the previous year.See it on page 11
05
Investments in proprietary game and technology development reached SEK 45.4 million during the first quarter, compared to SEK 32.1 million in Q1 2022.See it on page 11
06
The company entered a partnership with Stockholm Syndrome on February 16, 2023, to expand the PAYDAY franchise into new media formats.See it on page 6
07
Total equity for the group stood at SEK 31.4 million as of March 31, 2023, a significant decrease from SEK 98.0 million reported on March 31, 2022.See it on page 20

Summary

CEO'S MESSAGE | Net sales and earnings | Other financial information | Financial reports | Other information CEO'S MESSAGE | Net sales and earnings | Other financial information | Financial reports | Other information • Net sales totaled SEK 26.7 million (23.5). PAYDAY accounted for SEK 26.4 million (23.3). • EBITDA totaled SEK 4.1 million (4.6). • Depreciation, amortization and impairment totaled SEK 15.6 0BSignificant events after the end of the period million (14.5).

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Starbreeze StudiosCompany · Sweden · founded 2002 · 51 documents

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