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Starbreeze Entertainment
Starbreeze Year-end Report: October – December 2023
Key insights
7 takeaways- 01Starbreeze reported net sales of SEK 633.5 million for the full year 2023, a significant increase from SEK 127.6 million in 2022, driven primarily by the September 2023 launch of PAYDAY 3.See it on page 9
- 02The company achieved a net profit of SEK 207.6 million in 2023 compared to a net loss of SEK 59.8 million in 2022, despite an EBITDA of SEK -20.6 million due to higher payroll and publishing-related costs.See it on page 8
- 03Starbreeze ended 2023 with a strong cash position of SEK 347.8 million, bolstered by a preferential rights issue in Q2 2023 that generated SEK 414.2 million in cash flow.See it on page 32
- 04The company has licensed the Dungeons & Dragons brand for a new action-adventure game, Project Baxter, which is currently in pre-production with a scheduled launch in 2026.See it on page 5
- 05Starbreeze is executing a long-term strategy to maintain two Games as a Service titles by 2026, specifically PAYDAY 3 and Project Baxter, alongside a growing third-party publishing portfolio.See it on page 4
- 06As of December 31, 2023, the company employed 196 people and maintained an equity-to-assets ratio of 80.5%, up from 7.6% at the end of 2022.See it on page 27
- 07PAYDAY 3 generated SEK 477.0 million in revenue during 2023, consisting of SEK 259.6 million in game financing and SEK 217.4 million in revenue sharing under a co-publishing agreement with Plaion.See it on page 8
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 Fourth quarter 2023 Significant events during and after the end of the period • Net sales amounted to SEK 69.2 million (33.6).
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