Starbreeze First Quarter 2025 Presentation

Key insights

7 takeaways

01
Starbreeze has regained full control of the PAYDAY franchise, securing 100% of net revenue for PAYDAY 3 and enabling independent control over content releases, marketing, and transmedia licensing.See it on page 5
02
Q1 2025 financial results show net sales of SEK 67.7 million and an EBITDA of SEK 15.7 million, with a net loss before tax of SEK 29.4 million.See it on page 9
03
The company's cash and cash equivalents decreased to SEK 130.1 million at the end of Q1 2025, down from SEK 387.2 million at the end of 2024.See it on page 9
04
Operating activities for Q1 2025 resulted in a cash outflow of SEK 11.7 million, while investing activities, primarily driven by game development, totaled SEK 53.4 million.See it on page 10
05
Direct costs for the quarter dropped significantly to SEK 45.2 million, compared to SEK 86.5 million in Q1 2024, due to lower third-party publishing revenue shares and reduced depreciation.See it on page 11
06
The company is executing a busy Q2 2025 release schedule, including the launch of 'Out of Sight' on May 22nd and the 'Party Powder' heist for PAYDAY 3 on May 26th.See it on page 7
07
Project Baxter reached a key milestone with the completion of its vertical slice on May 23rd, as the company continues to focus on establishing PAYDAY as its core intellectual property.See it on page 13

Summary

PlayStation. XBOX CNintendo STEAM Regional Managing director & Board Director. RENOWNED IPs Turnaround project, responsible for 100 stores and two FAFIFABATTLEFIELD APEX STAR head offices in Nordics and Central Europe. EGENDS WARS Built a WW digital team managing all key digital partners, shifted EA's portfolio from PG channels to DD storefronts resulting in 10x share valuation growth for EA.