The Thaumaturge
GameBy Fool's Theory
Documents about The Thaumaturge
Financial report2 pages
11 bit studios S.A. Financial Results Q1 2023 — Investor Information
11 bit studios recorded nearly PLN 14.8 million in revenue for the first quarter of 2023, yielding an EBITDA of PLN 3.0 million and a net profit exceeding PLN 2.46 million.
- 11 bit studios reported Q1 2023 revenue of PLN 14.8 million, EBITDA of PLN 3.0 million, and a net profit of PLN 2.46 million, exceeding internal budget expectations despite a year-on-year decline.
- Development expenditure rose 28.2% year-on-year to PLN 12.14 million as the company intensifies investment in its proprietary and third-party game pipeline.
- The company’s publishing division is preparing for the 2023 releases of The Invincible and The Thaumaturge, which are expected to drive financial performance in the second half of the year.
11 bit studiosMay 2023
Financial report139 pages
Annual Report 11 Bit Studios for 2022
In 2022, Warsaw-based 11 bit studios S.A. demonstrated financial resilience and strategic expansion despite a 4.3% contraction in the global gaming market.
- 11 bit studios reported 74.2 million PLN in 2022 revenue, a 5.8% year-over-year increase, despite a 20.2% decline in net profit to 22.9 million PLN due to rising operational costs and a 3.66 million PLN donation to the Ukrainian Red Cross.
- The company is heavily prioritizing long-term growth, evidenced by a 69% surge in intangible assets to 99.9 million PLN and a 130 million PLN combined production budget for internal titles Frostpunk 2, The Alters, and Project 8.
- The publishing division reached a record 38% revenue share, bolstered by strategic equity stakes in external partners, including 40% of Fool’s Theory and 5.18% of Starward Industries.
11 bit studiosMar 2023
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