Roboquest

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.

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…

Starbreeze 2024 Financial Results

Starbreeze experienced a significant financial downturn in 2024, with net revenue plummeting 3.4 times to SEK 185.9 million ($17.3 million) compared to 2023.

• Starbreeze reported 2024 net revenue of SEK 185.9 million ($17.3 million), a 3.4x decline compared to 2023, primarily due to the absence of major new releases.
• The company shifted from a profit of SEK 207.6 million in 2023 to a net loss of SEK 199.3 million ($18.6 million) in 2024.
• Third-party publishing was the company's only growth segment, with revenue increasing 220% to SEK 47.7 million ($4.4 million) driven by titles like Roboquest.

Fourth Quarter 2024 Presentation

Starbreeze Entertainment's Q4 2024 presentation, dated February 18, 2025, reviews the company's quarterly and full-year results and frames its strategy as one of diversifying revenue, controlling costs, and broadening its IP beyond the PAYDAY franchise.

• Starbreeze reported Q4 2024 net sales of SEK 46.4 million and an EBITDA of SEK 19.7 million, contributing to a full-year 2024 net sales total of SEK 185.9 million and an EBITDA of SEK 97.6 million.
• The company maintains a solid liquidity position with SEK 191.9 million in cash and cash equivalents, despite a significant net outflow of SEK 245.5 million from investing activities primarily driven by game development.
• Operational efficiency efforts successfully reduced total direct costs to SEK 80.4 million in Q4 2024, down from SEK 111.3 million in the same period the previous year, through lower marketing and server spending.

Starbreeze H1 2024 Financial Results

Starbreeze's financial report for the first half of 2024 reveals a significant increase in net loss despite strong revenue growth.

• Starbreeze reported a net loss of $8.95 million for H1 2024, a significant increase from the $18.9k net loss recorded in the same period of 2023.
• Total revenue for H1 2024 reached $9.46 million, representing a 38.5% year-over-year increase, while EBITDA grew by 211% to $5.5 million.
• Payday 3 generated $4.4 million in revenue during the first six months of 2024 and maintained approximately 300,000 monthly active users as of June 30.