Frostpunk 2
GameBy 11 bit studios
Documents about Frostpunk 2
Half-Year Report of 11 Bit Studios S.A. for the Six Months Ended June 30th 2022
During the first half of 2022, 11 bit studios S.A. demonstrated significant financial growth and strategic expansion, reporting a 28% year-on-year revenue increase to PLN 45.8 million and a 13.3% rise in net profit to PLN 15.1 million.
- 11 bit studios reported a 28% year-on-year revenue increase to PLN 45.8 million and a 13.3% rise in net profit to PLN 15.1 million for the first half of 2022.
- Development spending on intangible assets surged by 63.55% to PLN 77.5 million as the company advances its multi-project pipeline, including Frostpunk 2, The Alters, and Project 8.
- The company maintains a strong liquidity position with PLN 123.3 million in total financial assets, including PLN 109.5 million in cash and equivalents, to support its transition to larger-scale production.
Quarterly Report of 11 Bit Studios S.A. for the First Quarter of 2022
During the first quarter of 2022, 11 bit studios S.A. demonstrated a period of strategic expansion and financial resilience, reporting a 19.6% year-on-year revenue increase to PLN 17.75 million.
- 11 bit studios reported a 19.6% year-on-year revenue increase to PLN 17.75 million and a net profit of PLN 3.77 million for Q1 2022.
- The company maintains a strong liquidity position with PLN 117.3 million in total financial assets, including PLN 50.4 million in cash and cash equivalents.
- The studio is scaling its internal production to a three-team structure with a combined budget of approximately PLN 110 million, focusing on titles including Frostpunk 2, Project 8, and Dolly.
Annual Report of 11 bit studios S.A. for 2021
11 bit studios S.A. maintained a robust financial and strategic position in 2021, despite a year-over-year decline in earnings driven by a lack of new product premieres.
- 11 bit studios is executing a strategic transition from indie developer to large-scale publisher, targeting 656 million PLN in consolidated revenue through 2025 via a new multi-team production structure.
- Financial performance in 2021 saw revenue of 70.12 million PLN and a net profit of 28.69 million PLN, with stability maintained by the back catalogue of 'Frostpunk' and 'This War of Mine' despite the lack of new releases.
- The company significantly increased R&D investment, with 52.93 million PLN in capitalized development costs for upcoming titles 'Frostpunk 2', 'Dolly', and 'Project 8', all of which have migrated to Unreal Engine.
Quarterly Report of 11 Bit Studios S.A. for the Nine Months Ended September 30th 2021
During the first nine months of 2021, 11 bit studios S.A. focused on a strategic transition toward a multi-team production model and the expansion of its publishing pipeline.
- 11 bit studios is investing PLN 110 million into three major internal projects: Frostpunk 2, Project 8, and Dolly.
- The company has allocated PLN 80 million to expand its third-party publishing division through 2023, aiming for a consistent annual release cycle of one proprietary game and multiple external titles.
- Financial performance for the first nine months of 2021 showed a year-over-year decline, with revenue at PLN 49.2 million and net profit at PLN 17.4 million due to the aging of the existing portfolio.
Half-Year Report of 11 Bit Studios S.A. for the First Half of 2021
11 bit studios S.A. reported a solid financial performance for the first half of 2021, characterized by a transition from immediate product launches to a period of intensive internal development.
- 11 bit studios is executing a long-term growth strategy backed by a 2021–2025 incentive scheme targeting PLN 656 million in total revenue.
- The company is currently funding three internal projects—Frostpunk 2, Dolly, and Project 8—with a combined development budget of approximately PLN 110 million.
- Despite a year-on-year revenue decline of 28.7% to PLN 35.8 million and a 46.8% drop in net profit, the company maintains a strong financial position with record cash and financial assets of PLN 114.6 million.
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