Out of Sight

Starbreeze Entertainment Interim Report: April–June 2025

Starbreeze Entertainment's April–June 2025 results show a company in transition, with growing revenue and sharply narrower losses as it refocuses on its core PAYDAY franchise, internal projects such as Baxter, and work-for-hire development.

• Starbreeze secured full publishing rights for PAYDAY 3 from Embracer Group, centralizing control over its primary intellectual property.
• The company reported net sales of SEK 121.5 million for the first half of 2025, with SEK 53.8 million generated in the second quarter.
• The pre-tax deficit narrowed to SEK -25.4 million in the second quarter, reflecting a significant improvement compared to the same period in the previous year.

Launching a Roblox Game Studio with The Gang

The Gang has evolved from a five-person startup into a 220-person organization by capitalizing on the rapid development capabilities of the Roblox platform.

• The Gang scaled from a five-person startup in 2020 to a 220-person organization by leveraging the rapid development cycles of the Roblox platform.
• The studio employs a dual-track business model that balances revenue-stable branded experiences for partners like Netflix and the NHL with the development of original IP.
• Operational strategy mandates a strict separation between client-facing brand work and original game development to maintain focus and discipline.

Starbreeze First Quarter 2025 Presentation

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.

• 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.
• 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.
• 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.

Starbreeze Interim Report: January - March 2025

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 First quarter 2025 Significant events during and after the quarter • Net sales amounted to SEK 67.7 million…