Starbreeze Interim Report: July – September 2024

Key insights

6 takeaways

01
Starbreeze reported a significant decline in net sales to SEK 42.7 million for Q3 2024, down from SEK 494.4 million in the same period last year, which was bolstered by the launch of PAYDAY 3.See it on page 15
02
The company recorded a loss before taxes of SEK -58.5 million for the third quarter of 2024, compared to a profit of SEK 299.8 million in Q3 2023.See it on page 9
03
Development investments remain high, with capitalized development expenditure for PAYDAY 3 and the Dungeons & Dragons project 'Baxter' totaling SEK 138.4 million for the first nine months of 2024.See it on page 13
04
Starbreeze is transitioning to a lower-investment model for PAYDAY 3, moving to a smaller team focused on continuous content updates following the completion of the 'Operation Medic Bag' initiative.See it on page 5
05
As of September 30, 2024, the company held SEK 249.3 million in cash and cash equivalents, with 191 employees primarily based at the Stockholm head office.See it on page 12
06
The company entered a new five-year lease agreement for office premises in Stockholm, contributing to an increase in non-current lease liabilities to SEK 84.6 million.See it on page 14

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 • Net sales amounted to SEK 42.7 million (494.4). PAYDAY 2 accounted for SEK 11.5 million (51.6). Significant events during the quarter PAYDAY 3 accounted for SEK 22.9 million (440.8).

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Starbreeze StudiosCompany · Sweden · founded 2002 · 51 documents

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