Starbreeze Q1 2023 Presentation

Key insights

7 takeaways

01
Starbreeze raised SEK 300m through a rights issue to fund game production and self-publishing, while simultaneously reducing debt by SEK 380m through a debt-for-equity conversion with Digital Bros.See it on page 5
02
PAYDAY 3 is scheduled for release in 2023 with over 1,000,000 wishlist additions on Steam and a simultaneous launch strategy planned for PC and console.See it on page 8
03
Net sales for Q1 2023 reached SEK 26.7m, representing a 13% growth for the PAYDAY franchise compared to Q1 2022.See it on page 21
04
EBITDA for Q1 2023 was SEK 4.1m, remaining consistent with the previous year as increased net sales were offset by higher marketing costs and non-activatable personnel expenses.See it on page 23
05
The PAYDAY franchise maintains a strong market position with over 38 million in installed base, 240+ DLCs, and a consistent top-20 CCU rank on Steam after 11 years of operation.See it on page 13
06
As of March 31, 2023, the company held SEK 78m in cash and cash equivalents, with total intangible assets valued at SEK 589m, primarily consisting of capitalized development costs and IP rights.See it on page 27
07
The company is transitioning its community engagement to the 'NEBULA' hub, which is designed to support cross-platform services and direct communication with players for PAYDAY 3 and future titles.See it on page 19

Summary

TOBIAS SJÖGREN, CEO MATS JUHL, CFO Background: Former CEO of Background: CFO of Mips AB White Wolf Entertainment, (publ.), CFO of previous positions at Paradox Tengbomgruppen AB, CFO of Interactive, Stardoll and Sweden Arena Management KB international video game (Friends Arena), Finance agency DDM Agency. Head of Director at Ticnet AB, Finance DICE Stockholm's studio while Manager at Enea AB (publ.).

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