Frostpunk 2
GameBy 11 bit studios
Documents about Frostpunk 2
Annual Report 2025: 11 bit studios
The 2025 annual report for 11 bit studios confirms the company’s continued operational stability and status as a going concern within the global video game industry.
- 11 bit studios reported 141.03 million PLN in sales revenue for 2025, maintaining a net profit of approximately 6.94 million PLN.
- The company experienced a net cash flow decrease of 21.1 million PLN, driven by 23 million PLN in bond acquisitions and continued development of major titles like Frostpunk 2 and The Alters.
- Amortization expenses surged by over 142% in 2025, largely due to revised accounting methodologies and impairment charges for The Thaumaturge and Creatures of Ava.
Quarterly Report of 11 Bit Studios S.A. for the Nine Months Ended 30 September 2025
Financial performance for 11 bit studios S.A. through the first nine months of 2025 reflects a period of significant operational transition and heavy product launches.
- 11 bit studios reported a net profit decline to PLN 22.0 million for the first nine months of 2025, down from PLN 47.5 million in the same period of 2024, driven by increased depreciation and amortization costs.
- Total revenue for the nine-month period reached PLN 101.3 million, representing a 5% year-over-year decrease.
- The company has reduced the estimated cost of its 2021–2025 Incentive Scheme to zero, indicating that original long-term revenue and profit targets will not be achieved following the termination of Project 8 and delayed releases.
Half-Year Report of 11 Bit Studios S.A. for the Six Months Ended 30 June 2025
11 bit studios S.A. achieved a significant financial turnaround in the first half of 2025, reporting a net profit of PLN 8.48 million compared to a net loss in the same period of 2024.
- 11 bit studios achieved a financial turnaround in H1 2025 with a net profit of PLN 8.48 million, reversing a loss from the same period in 2024.
- Revenue grew 86% year-over-year to PLN 57.24 million, fueled by the June launch of The Alters and Microsoft Game Pass income for Frostpunk 2.
- The company abandoned its 2021–2025 Incentive Scheme after determining it will not meet the original five-year targets of PLN 656 million in revenue and PLN 328 million in pre-tax profit.
Annual Report of 11 Bit Studios S.A. for 2024
11 bit studios S.A. reported record-breaking financial results for 2024, characterized by a 168.9% year-on-year revenue increase to PLN 140.54 million.
- 11 bit studios achieved a 168.9% year-on-year revenue increase to PLN 140.54 million in 2024, driven primarily by the launch of Frostpunk 2, which recouped its development costs within three days.
- The company recorded a modest net profit of PLN 6.9 million and an operating loss of PLN 2.84 million, heavily impacted by PLN 67.4 million in non-cash impairment losses.
- A significant PLN 48.4 million impairment charge was incurred due to the cancellation of 'Project 8', alongside additional write-downs for the underperforming titles The Thaumaturge and Creatures of Ava.
Current Report No. 4/2025: Change in Depreciation Method for Frostpunk 2 Game
The Management Board of 11 bit studios has implemented a strategic shift in the accounting treatment for its major release, Frostpunk 2, transitioning from a straight-line depreciation model to a declining balance method.
- 11 bit studios has shifted the depreciation method for Frostpunk 2 from a five-year straight-line model to a seven-year declining balance method.
- The new accounting approach resulted in an amortization charge of PLN 12,521,440 for the 2024 fiscal year, compared to PLN 3,130,360 under the previous method.
- This change front-loads depreciation expenses to better align with the typical revenue lifecycle of premium games, where sales are highest immediately following the September 20, 2024, launch.
Quarterly Report of 11 Bit Studios for Nine Months Ended 30 September 2024
11 bit studios achieved record-breaking financial performance during the first nine months of 2024, characterized by a 211% year-on-year revenue increase to PLN 106.6 million.
- 11 bit studios achieved a 211% year-on-year revenue increase to PLN 106.6 million and a net profit surge to PLN 47.5 million for the first nine months of 2024.
- The September launch of Frostpunk 2 was the primary growth driver, selling over 511,000 copies and accounting for nearly 50% of the company's total revenue for the period.
- The company is shifting its publishing strategy and reassessing its portfolio after the underperformance of certain titles, leading to a zero-value write-down of its investment in Fool’s Theory.
Raport Sprzedażowy Gry „Frostpunk 2”
The commercial performance of Frostpunk 2 reached a significant financial milestone within its first few days of release, with total sales exceeding 350,000 units by the morning of September 23, 2024.
- Frostpunk 2 reached break-even status immediately following its global launch, with total revenues covering all production and marketing costs by September 23, 2024.
- The game sold over 350,000 units within its first few days of release.
- Revenue figures include direct consumer sales, payments from a Microsoft Game Pass licensing agreement, and sales of the Deluxe edition.
Half-Year Report of 11 Bit Studios S.A. for the Six Months Ended 30 June 2024
During the first half of 2024, 11 bit studios S.A. experienced a transitional period characterized by rising revenues and strategic investments in preparation for major upcoming releases.
- 11 bit studios reported a net loss of PLN 0.48 million for H1 2024, a significant decline from the PLN 4.01 million profit in H1 2023, driven by a 49% surge in operating expenses.
- Revenue grew 24.16% year-on-year to PLN 30.76 million, with third-party publishing titles like The Thaumaturge, INDIKA, and The Invincible now accounting for 52% of total sales.
- Operating costs were heavily impacted by a doubling of salary expenses and increased marketing spend as the company scaled headcount for the launches of Frostpunk 2 and The Alters.
Change of Release Date of Game "Frostpunk 2" to September 20, 2024
The management board of 11 bit studios has officially rescheduled the global PC launch of Frostpunk 2 to September 20, 2024.
- 11 bit studios has rescheduled the global PC launch of Frostpunk 2 to September 20, 2024, to allow for additional development and refinement.
- The game will launch digitally on Steam, GOG, and the Epic Games Store, with day-one availability on Microsoft’s PC Game Pass.
- The standard edition is priced at 44.99 USD/EUR (159.99 PLN), while the Deluxe Edition is set at 74.99 USD/EUR (259.99 PLN).
Quarterly Report of 11 Bit Studios S.A. for the Three Months Ended 31 March 2024
Financial performance for the first quarter of 2024 reflects a transitional period characterized by steady revenue growth alongside increased operational spending.
- 11 Bit Studios reported a Q1 2024 net loss of PLN 1.6 million, a decline from the previous year driven by a 25.88% increase in operating expenses and a near-doubling of employee benefit costs.
- Revenue grew 3.81% year-on-year to PLN 15.33 million, with the publishing division contributing 48% of sales and the United States market accounting for 74% of total revenue.
- The company holds PLN 140.7 million in capitalized development costs for key upcoming titles, specifically Frostpunk 2, The Alters, and Project 8.
Annual Report of 11 Bit Studios S.A. for 2023
11 bit studios S.A. transitioned through a significant investment phase in 2023, characterized by a deliberate shift toward larger-scale production and a multi-brand intellectual property model.
- 11 bit studios reported a 29.6% revenue decline to PLN 52.3 million and a net profit contraction to PLN 0.52 million in 2023, primarily due to a lack of major proprietary releases and a PLN 6.5 million write-down of its stake in Starward Industries.
- The company invested a record PLN 58.2 million into game development during 2023, bringing total ongoing development work to PLN 149.6 million as it prepares for the releases of Frostpunk 2, The Alters, and Project 8.
- The publishing division reached a record 42% share of total revenue, driven by the release of The Invincible and sustained performance from back-catalogue titles like Frostpunk and Children of Morta.
Ustalenie Daty Premiery Gry „Frostpunk 2” na 25 Lipca 2024 Roku
The management board of 11 bit studios S.A. has officially scheduled the global release of Frostpunk 2 for July 25, 2024.
- Frostpunk 2 will launch globally on PC on July 25, 2024, via Steam, GOG, and the Epic Games Store.
- The title will be available on PC Game Pass starting on its official release date.
- Console versions for PlayStation 5 and Xbox Series X/S are planned for a later release, at which point the game will also join the Xbox Game Pass library.
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