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Starbreeze Entertainment
Starbreeze Interim Report: Q1 2024
Key insights
7 takeaways- 01Starbreeze reported a net loss of SEK 21.0 million for Q1 2024, compared to a net loss of SEK 24.9 million in the same period of 2023.See it on page 2
- 02Net sales for the first quarter of 2024 were SEK 56.6 million, with PAYDAY 2 contributing SEK 10.9 million to that total.See it on page 8
- 03The company is actively executing 'Operation Medic Bag,' a focused project launched February 15, 2024, to address player feedback and improve the performance of PAYDAY 3.See it on page 6
- 04The Tribe Must Survive launched in Steam Early Access on February 22, 2024, with a full 1.0 version release scheduled for May 23, 2024.See it on page 6
- 05Development of Project Baxter is ongoing, with the company planning to invite interested parties to submit offers for the product and brand once a 'vertical slice' of the game is ready.See it on page 4
- 06Cash and cash equivalents at the end of the quarter stood at SEK 387.2 million, up from SEK 78.0 million in the prior-year period.See it on page 11
- 07The search for a permanent CEO is nearing completion, with the company having interviewed and assessed multiple candidates.See it on page 5
Summary
STARBREEZE 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 First Quarter 2024 Significant events during and after the period • Net sales amounted to SEK 56.6 million (26.7). PAYDAY 2 accounted for SEK 10.9 million (26.4).
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