Loading the document
1 free read left. Create a free account for unlimited reading + AI research.
Create free accountFinancial report
Starbreeze Entertainment
Starbreeze Interim Report: July – September 2023
Key insights
6 takeaways- 01Starbreeze reported a significant financial turnaround in Q3 2023, with net sales reaching SEK 494.4 million compared to SEK 38.7 million in Q3 2022, primarily driven by the September launch of PAYDAY 3.See it on page 2
- 02The company achieved a profit after tax of SEK 299.6 million for Q3 2023, a substantial improvement over the SEK 7.8 million loss recorded in the same period last year.See it on page 20
- 03EBITDA for Q3 2023 rose to SEK 441.8 million, up from SEK 24.4 million in Q3 2022, reflecting the successful commercial performance of the new title.See it on page 27
- 04Starbreeze successfully settled its financial debt of SEK 147.5 million in July and repaid game development financing to Plaion, resulting in a total cash and cash equivalents balance of SEK 312.9 million at the end of the quarter.See it on page 14
- 05The company is currently scaling up the development team for its next project, 'Baxter,' while planning to support PAYDAY 3 with at least four DLC releases starting in winter 2023.See it on page 6
- 06As of September 30, 2023, the company's equity-to-assets ratio improved significantly to 84.9%, compared to 9.9% at the end of September 2022.See it on page 27
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 Third quarter 2023 Significant events during and after the quarter • Net sales amounted to SEK 494.4 million (38.7).
Games and companies in this document
Connections
Each row is a game or company this document names, each column a document, oldest first. A mark means that document names it. Select a row to see those documents.
Comments