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Raport Bieżący Nr 20/2024

The report announces that PCF Group S.A., headquartered in Warsaw, formally decided on 10 September 2024 to cease all development work on Project Red, a title the Group intended to launch either through an external publisher or via self‑publishing using its own capital. The termination stems from two primary factors: the inability to secure an external publishing partner and the lack of internal financial capacity to fund continued development, coupled with the acquisition of a new external‑publisher‑driven project, Project Echo, which now requires the development team previously assigned to Project Red. Financial implications are quantified through a 100 percent impairment of the capital invested in Project Red as of 30 June 2024. The write‑down reduces the standalone net profit for the first half of 2024 and lowers the value of non‑current assets on the company’s balance sheet by 8 846 thousand złoty. On a consolidated basis, the same adjustment diminishes the Group’s half‑year net profit and non‑current assets by 7 719 thousand złoty. The impairment is a one‑off, non‑cash entry that does not affect EBITDA at either the standalone or consolidated level. The financial figures are provisional, subject to audit review, and will be finalized in the standalone and consolidated financial statements for the first half of 2024, unless earlier disclosure is mandated by law. No methodological details beyond internal accounting treatment are provided, as the report serves primarily as a regulatory disclosure under Article 17(1) of the MAR Regulation.

game-publishing mergers-acquisitions funding+1

PCF GroupSept 2024

Legal

Current Report No. 19/2024

The announcement confirms that PCF Group S.A., operating under the People Can Fly brand, entered into a Master Services Agreement with Krafton Inc. of Seoul on 10 September 2024 to develop and publish a new gameplay mode, code‑named Project Echo, for an existing Krafton title. The agreement adopts a work‑for‑hire structure, whereby PCF Group acts as a contracted developer and receives a pre‑negotiated fee from Krafton for the services rendered. The contract is framed as a broad, multi‑year arrangement, with specific deliverables, production timelines, and remuneration details to be defined in subsequent Statements of Work. The terms mirror standard production‑publishing agreements for similar projects, indicating no extraordinary clauses or deviations from industry norms. Geographically, the partnership links a Polish development studio with a South Korean publisher, reflecting a cross‑regional collaboration focused on a single product enhancement rather than a broader market rollout. The timing aligns with People Can Fly’s strategic update issued on 31 January 2023, which emphasized pursuing attractive work‑for‑hire opportunities with reputable partners. Overall, the agreement underscores PCF Group’s commitment to leveraging its development capabilities within a structured, fee‑based model, while reinforcing Krafton’s strategy of expanding existing game ecosystems through external studio contributions.

game-publishing mergers-acquisitions europe

PCF GroupSept 2024

Legal

Raport bieżący nr 18/2024: Delayed Inside Information Regarding Negotiations with Krafton Inc.

The primary aim is to inform the market that PCF Group S.A. entered negotiations with Krafton Inc. for a Master Services Agreement covering the development of a new game mode for Krafton’s existing title, and to explain why the related insider information was disclosed later than required under the EU Market Abuse Regulation (MAR). The board received Krafton’s proposal on 13 June 2024, decided on 11 July 2024 to commence negotiations, and ultimately signed the agreement on 10 September 2024. The public announcement of the negotiation decision was postponed on 11 July 2024 in accordance with MAR Article 17(4), and the delayed disclosure is now being released. Key details indicate that the forthcoming contract will operate on a work‑for‑hire basis, with PCF acting as a developer contracted by Krafton and receiving a pre‑agreed remuneration. The agreement is framed as a master services contract, with specific terms such as service descriptions, production schedules, and payment levels to be defined in subsequent statements of work. The negotiated terms are described as consistent with standard production‑publishing agreements for similar projects, and the board stresses that the initiation of negotiations does not guarantee final contract execution. The disclosure covers a cross‑border collaboration between a Warsaw‑based Polish company and a Seoul‑based South Korean publisher, situating the activity within the global video‑game development sector. The board’s justification for the delay rests on preventing potential competitive interference and market distortion, noting that immediate disclosure could have harmed the company’s legitimate interests and that no prior public statements existed that might mislead investors. Confidentiality was maintained through a controlled list of individuals with access, as required by MAR Article 18, and the board confirms that the delay did not constitute misinformation. In compliance with MAR, the board will promptly notify the Polish Financial Supervision Authority of the delayed disclosure and will issue a separate report when the agreement is formally announced to the public. This approach aligns with regulatory guidance issued on 13 April 2022 and reflects the company’s commitment to transparent yet responsible market communication.

mergers-acquisitions game-publishing investment+1

PCF GroupSept 2024

Legal

Raport Biezacy Nr 17/2024

PCF Group S.A., the Warsaw-based parent company of the People Can Fly game development studio, announced a formal change to its corporate governance structure effective September 6, 2024. The Supervisory Board appointed Lidia Banach-Hoheker as a new member of the board through co-optation. This appointment is set to last until the end of the current three-year joint term, pending final approval by the company’s General Meeting. In addition to her role on the Supervisory Board, she was immediately appointed to the Audit Committee, where she is designated as an independent member with specific expertise in accounting and financial auditing. The appointment strengthens the company’s financial oversight capabilities by integrating an executive with extensive experience in financial management, mergers and acquisitions, and strategic planning. Lidia Banach-Hoheker is a graduate of the University of Warsaw and a fellow of the Association of Chartered Certified Accountants (ACCA). Her professional background includes significant leadership roles, such as Chief Financial Officer at Merlin.pl and various executive positions within the PWN Scientific Publishing House group. She also maintains active roles in the supervisory boards and audit committees of other entities, including UNIMOT S.A. This corporate action complies with Polish financial regulations regarding current and periodic information for securities issuers. The appointee has formally declared that she does not engage in any activities competitive to PCF Group S.A. and is not listed in the Register of Insolvent Debtors. This transition reflects the company's ongoing commitment to maintaining a robust governance framework as it manages its operations within the international gaming industry.

mergers-acquisitions employment game-publishing+1

PCF GroupSept 2024

Report

CEDEC 2025 Schedule Announcement

The announcement establishes the official timetable for CEDEC 2025, Japan’s premier three‑day conference for computer‑entertainment developers organized by the Computer Entertainment Developers Association (CESA). By moving the event to July 22‑24, 2025—approximately one month earlier than the traditional late‑August slot—the schedule compresses several preparatory phases, prompting participants to adjust their planning accordingly. Key milestones are detailed: the public call for proposals opens on January 6, 2025, followed by the launch of sponsor and partnership programs in early‑to‑mid February. The final deadline for submissions is set for February 17 at 10 a.m. JST, with selection results communicated in late March. An early‑application deadline for sponsorships occurs on March 31, while ticket‑sale dates remain pending and will be announced later. The conference itself occupies three consecutive days, Tuesday through Thursday, in late July. The scope is national, targeting Japanese developers, studios, and related stakeholders within the computer‑entertainment sector, and it outlines a timeline that spans from early January through late July 2025. Although the schedule is provisional and subject to minor adjustments, contact information for the CEDEC operations office and the official website are provided for inquiries and future updates.

marketing game-publishing game-development+1

Computer Entertainment Developers AssociationSept 2024

Financial

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. Revenue grew 24.16% year-on-year to PLN 30.76 million, primarily driven by third-party publishing titles such as The Thaumaturge, INDIKA, and The Invincible. These external projects now account for 52% of total sales, with the United States remaining the largest geographic market and Steam serving as the primary distribution platform. Despite the growth in top-line revenue, the company reported a net loss of PLN 0.48 million, a sharp decline from the PLN 4.01 million profit recorded in the same period of 2023. This downturn was largely due to a 49% surge in operating expenses, driven by a doubling of salary costs and increased marketing expenditures. These costs reflect a significant expansion in headcount and intensified preparations for the high-profile launches of Frostpunk 2 and The Alters. The company has capitalized over PLN 155 million in ongoing development work, signaling a shift toward larger, higher-budget productions. The financial position remains robust, with total assets growing to PLN 277.4 million and cash reserves increasing to PLN 42.87 million. Liquidity is further bolstered by PLN 24.35 million in contract liabilities, largely consisting of advance payments from Microsoft for Game Pass inclusions and Frostpunk 2 pre-orders. Management maintains a positive outlook for the 2024–2026 period, supported by a multi-IP strategy intended to stabilize revenue through a consistent release cycle of both internal and third-party titles. While the company faces risks related to production delays and a competitive labor market, its current resources are deemed sufficient to fund its development pipeline without external financing.

investment game-publishing market-analysis+2

11 bit studiosAug 2024

Financial

CD Projekt Group H1 2024 Earnings

The first half of 2024 presents CD Projekt Group’s financial performance as a blend of solid top‑line growth and heightened cost pressures. Total sales revenue reached 99.6 million PLN, a 31 percent increase over the comparable period in 2023, driven primarily by a resurgence in back‑catalogue sales and expansions of flagship titles such as The Witcher series. Revenue from products and services climbed to 45.9 million PLN, while sales of goods for resale and materials grew modestly to 87.4 million PLN. Gross profit on sales improved to 218.0 million PLN, reflecting a healthier margin despite a 16 percent rise in cost of sales to 170.0 million PLN. Operating expenses expanded notably, with total operating costs rising to 120.1 million PLN, up from 107.2 million PLN a year earlier. Selling expenses fell to 85.1 million PLN, yet research and development outlays surged, with new development expenditures of 45.9 million PLN and depreciation of 52.9 million PLN. EBIT contracted to 97.9 million PLN from 140.2 million PLN, while net profit after tax declined to 29.3 million PLN, reflecting the impact of higher tax liabilities and a 24 million PLN increase in deferred tax adjustments. Liquidity indicators show a reduction in cash, deposits and bonds from 1.31 billion PLN at year‑end 2023 to 1.37 billion PLN at the end of June 2024, alongside a 5 percent drop in trade receivables. Total assets grew modestly to 2.66 billion PLN, while equity rose to 2.40 billion PLN, indicating a stable capital structure despite the cash outflow associated with intensified R&D spending and dividend distributions. The reporting covers CD Projekt Group’s global operations, focusing on its core gaming business, shared services, and ancillary projects such as Polaris, Orion, Sirius and Hadar. All figures derive from the company’s internal financial statements prepared in accordance with Polish accounting standards, with no external survey or sampling methodology applied. The presentation is intended solely as an informational overview and does not constitute investment advice or forward‑looking forecasts.

investment market-analysis europe+1

CD ProjektAug 2024

Legal

Raport Bieżący ESPI nr 13 /2024

The District Court for the Capital City of Warsaw officially registered amendments to the Articles of Association of PlayWay S.A. on July 26, 2024. This regulatory action follows Resolution No. 19, which was adopted during the Ordinary General Meeting of Shareholders held on June 20, 2024. The primary objective of these changes is to grant the Management Board the authority to increase the company’s share capital within the framework of authorized capital. A critical component of this structural adjustment is the provision allowing the Management Board to waive the pre-emptive rights of existing shareholders, either in whole or in part, during future capital increases. This mechanism provides the executive leadership with enhanced flexibility to secure financing or execute strategic maneuvers without the administrative delays typically associated with standard subscription rights. The registration marks the formal legal enactment of these powers under Polish commercial law and capital market regulations. The scope of this update is specific to the corporate governance framework of PlayWay S.A., a major entity in the Polish video game development and publishing sector. The filing adheres to the transparency requirements set forth in the Act on Public Offering and the Regulation of the Minister of Finance regarding current and periodic information provided by issuers of securities. By finalizing these statutory changes, the company has established a streamlined path for potential equity expansion, ensuring the legal infrastructure is in place to support future growth initiatives or capital restructuring as determined by the board.

mergers-acquisitions game-publishing poland

PlayWayJul 2024

Legal

Raport Bieżący ESPI Nr 9/2024

This regulatory report, issued by Warsaw-based game publisher PlayWay S.A. in July 2024, details the implementation of the company’s Incentive Program for Management Board members following the 2023 fiscal year. The primary purpose of the document is to confirm that the President of the Management Board, Krzysztof Kostowski, met the specific financial and operational performance criteria required to trigger the issuance of new incentive shares. The findings highlight a significant year-over-year financial improvement for the company. PlayWay reported a net profit of 144,005,978.33 PLN for 2023, a substantial increase from the 114,800,486.21 PLN earned in 2022. Beyond financial metrics, the program required the fulfillment of operational milestones, specifically the acquisition of at least five new, original game projects. The report confirms these targets were met through the addition of Medieval Farmer Simulator, Holstin, Noble's Life: Kingdom Reborn, Heavy Duty Construction, and Flight Catastrophe to the company's portfolio. As a result of meeting these conditions, the Supervisory Board approved the issuance of 66,000 new ordinary bearer shares to Krzysztof Kostowski at an issue price of 0.10 PLN per share. To ensure long-term alignment with shareholder interests, the participant is bound by a 24-month lock-up period, during which the newly acquired shares cannot be sold. The Management Board is scheduled to adopt a formal resolution to increase the share capital within 30 days of this announcement to finalize the share allotment.

salary employment game-publishing+1

PlayWayJul 2024

Legal

Oświadczenie o Zrzeczeniu się Prawa do Objęcia Akcji Nowych w Ramach Programu Motywacyjnego

Krzysztof Kostowski, the CEO of PlayWay S.A., has formally waived his right to participate in the company’s incentive program for the 2023 fiscal year. This legal declaration, executed in July 2024, follows the confirmation by the Supervisory Board that the performance conditions required for the issuance of new shares had been met. Despite being the sole member of the Management Board eligible for the award, the executive opted to relinquish his entitlement to the specified equity compensation. The waiver specifically covers the right to receive an offer for and subsequently subscribe to 66,000 new ordinary bearer shares. These shares carry a nominal value of 0.10 PLN each. The decision was made in accordance with the regulations established by the Ordinary General Meeting in June 2023 and subsequently amended in June 2024, which allow Management Board members to decline participation in the incentive scheme through written or electronic notification. This action impacts the capital structure and executive compensation dynamics of PlayWay S.A., a major player in the Polish game development and publishing sector. By waiving these rights, the executive prevents the dilution of existing shareholders that would have resulted from the issuance of these 66,000 new shares. The declaration is final and took effect immediately upon its submission to the Supervisory Board, effectively nullifying the specific share allocation earmarked for the CEO under the 2023 incentive cycle.

employment salary game-publishing+1

PlayWayJul 2024

Legal

ESPI 6/2024: Dividend Payment

PlayWay S.A. has officially authorized a significant capital distribution to its shareholders following a resolution passed during the Ordinary General Meeting on June 20, 2024. The Warsaw-based game developer and publisher will allocate a total of 144,012,000.00 PLN from its earnings to be paid out as dividends. This distribution encompasses all 6,600,000 ordinary bearer shares issued by the company, reflecting a robust fiscal performance and a commitment to returning value to its investor base. The dividend is set at 21.82 PLN per share. To facilitate this process, the company established July 3, 2024, as the dividend record date, which determines the eligibility of shareholders to receive the payment. The actual disbursement of funds is scheduled to take place shortly thereafter on July 10, 2024. This timeline ensures a rapid turnaround between the formal resolution and the transfer of capital to stakeholders. This financial action complies with Polish regulatory requirements regarding current and periodic information provided by issuers of securities. The decision highlights PlayWay’s position as a major player in the Polish gaming sector, demonstrating the capacity to generate substantial cash flow from its diverse portfolio of development teams and titles. By distributing over 144 million PLN, the company reinforces its financial stability and operational success within the global gaming market during the 2024 fiscal period.

investment game-publishing poland

PlayWayJun 2024

Legal

Ustalenie Daty Premiery Gry „Creatures of Ava” na 7 Sierpnia 2024 Roku

The management of 11 bit studios S.A. has officially scheduled the global release of Creatures of Ava for August 7, 2024. This launch targets both PC users and owners of the Xbox Series X/S console. The title represents a collaborative publishing effort, as the game was developed by the Spanish studios Inverge and Chibig. This announcement serves as a formal regulatory disclosure regarding confidential information under European market abuse regulations, signaling a finalized production and marketing timeline for the upcoming title. The distribution strategy for the game focuses on a digital-first approach across major global gaming marketplaces. Availability is confirmed for Steam, the Epic Games Store, GOG, and the Xbox Store. Furthermore, the release includes a day-one launch on subscription services, specifically PC Game Pass and Xbox Game Pass for consoles. This move indicates a strategic effort to maximize immediate player accessibility and reach a broad audience across the Microsoft ecosystem and various PC storefronts simultaneously. The scope of this announcement is global in nature, though it originates from the company’s headquarters in Warsaw. By securing a mid-summer release date and multi-platform availability, the publisher aims to establish a strong market presence for the new intellectual property. The involvement of two distinct development studios and the commitment to major subscription platforms suggest a significant scale for the project within the publisher's current portfolio for the 2024 fiscal year.

game-publishing europe pc+2

11 bit studiosJun 2024

Legal

Raport Bieżący Nr 13/2024

The purpose of the current report is to confirm the finalized plan for Project Gemini and to document the execution of a new content‑rider agreement that amends the existing production‑publishing contract between PCF Group S.A. and Square Enix Limited. The agreement, signed on 19 June 2024, establishes a work‑for‑hire development model for the European team of PCF Group and revises the commercial terms that previously governed the project. Key findings indicate that the revised contract eliminates the prior commercial conditions, resulting in future revenues from Project Gemini covering only the direct costs incurred by PCF Group. Consequently, the updated valuation under International Financial Reporting Standard 15 will lower both the unit and consolidated sales revenue as well as the net profit attributable to the contract. The board estimates a reduction in the margin earned on the entire production‑publishing agreement, reflecting the new cost‑recovery pricing structure. The scope of the update is limited to the European development segment of Project Gemini, with the legal basis anchored in Article 17(1) of the MAR Regulation. The report references earlier updates issued on 24 November 2023 (Report 58/2023) and 30 January 2024 (Report 2/2024), and clarifies that further content‑rider disclosures will be made only when legally required. No additional methodological details are required, as the information derives from internal contractual negotiations and financial reporting standards.

game-publishing mergers-acquisitions

PCF GroupJun 2024

Legal

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. This strategic postponement from the previously announced timeline is intended to provide additional development time for further refinement. By prioritizing game polish, the studio aims to maximize the title's commercial performance and long-term sales potential upon release. This decision reflects a commitment to quality control as a primary driver for market success in the competitive survival-city builder genre. The scope of this release covers a worldwide digital distribution strategy across major PC platforms, including Steam, GOG, and the Epic Games Store. Furthermore, the title will be available on Microsoft’s PC Game Pass service starting on day one. While the immediate focus remains on the Windows platform, the studio has confirmed future availability for PlayStation 5 and Xbox Series X/S consoles, including integration with the Xbox Game Pass ecosystem. Financial details for the launch indicate a tiered pricing structure designed for global markets. The standard edition is set at 44.99 USD/EUR or 159.99 PLN, while the Deluxe Edition is priced at 74.99 USD/EUR or 259.99 PLN. This regulatory announcement, issued from Warsaw, serves as a formal update to the company's release roadmap and underscores the studio's tactical approach to managing high-profile intellectual properties within the global gaming industry.

game-publishing poland pc+1

11 bit studiosJun 2024

Legal

Rekomendacja Rady Nadzorczej w Sprawie Podziału Zysku Netto Wypracowanego w 2023 Roku

The Supervisory Board of 11 bit studios S.A. has formally endorsed a proposal regarding the allocation of the company’s net profit generated during the 2023 financial year. Following a resolution passed on May 9, 2024, the board issued a positive opinion on the Management Board’s recommendation to retain the entirety of the year’s earnings. Specifically, the net profit amounting to 525,609 PLN is slated to be transferred to the company’s supplementary capital rather than being distributed to shareholders as dividends. This financial decision focuses on the Polish gaming entity’s operations throughout the 12-month period ending December 31, 2023. By directing these funds into supplementary capital, the leadership aims to strengthen the internal financing structure and support the company’s ongoing development initiatives. The recommendation reflects a conservative fiscal approach during a period of significant project scaling and investment within the studio’s portfolio. The final determination regarding this profit allocation remains subject to the approval of the Ordinary General Meeting of Shareholders. This meeting is scheduled to take place on June 6, 2024, where the resolution will be put to a formal vote. This disclosure complies with standard regulatory requirements for publicly traded companies on the Warsaw Stock Exchange, ensuring transparency regarding the firm's capital management strategy and its implications for the upcoming fiscal cycle.

investment game-publishing poland

11 bit studiosMay 2024

Legal

Raport Bieżący ESPI Nr 3/2024

The management board of PlayWay S.A. has formally recommended a dividend payment for the 2023 financial year totaling 144,012,000.00 PLN. This proposal translates to a payout of 21.82 PLN per share, aligning with the dividend policy established in 2018. The funding for this distribution is derived almost entirely from the net profit generated in 2023, which amounted to 144,005,978.33 PLN, supplemented by a small portion of undistributed profits from previous years. The recommendation is based on a comprehensive analysis of the company's financial health, cash reserves, and projected revenues for the 2024 fiscal year. Management asserts that the company maintains a strong financial position, with sufficient liquidity to fund planned investments and development projects without disruption. Strategic priorities for the upcoming period include intensifying cooperation with high-potential development teams, utilizing social media and demo releases to gauge consumer interest, and continuing the production of successful titles while sourcing new intellectual property. The proposed timeline sets July 3, 2024, as the dividend record date and July 10, 2024, as the payment date. While the management board views this payout as a means to satisfy shareholder expectations without compromising financial flexibility, the proposal remains subject to an opinion from the Supervisory Board and final approval by the Ordinary General Meeting. This disclosure follows the regulatory requirements for public companies operating within the Polish gaming sector and the Warsaw Stock Exchange.

investment game-publishing market-analysis+1

PlayWayMay 2024

Legal

Announcement of the Ordinary General Meeting of 11 Bit Studios S.A.

The Board of Directors of 11 bit studios S.A. has formally convened an Ordinary General Meeting of shareholders scheduled for June 6, 2024. The meeting is set to take place at the company’s corporate headquarters in Warsaw, Poland, beginning at 11:00 AM. This announcement serves as a regulatory requirement under Polish law regarding public offerings and the conditions for introducing financial instruments into organized trading. The primary objective of this assembly is to address standard corporate governance matters typical for an annual general meeting. While the specific financial results are not detailed in the announcement text, the meeting will involve the review and adoption of resolutions concerning the company’s operations and fiscal performance. The scope of the meeting covers the entirety of the 11 bit studios S.A. corporate entity, focusing on its standing within the global video game development and publishing industry. Accompanying documentation provided for shareholders includes the full text of the announcement, draft resolutions, power of attorney templates, and necessary participation forms. These materials are made available through the company’s dedicated investor relations portal to ensure transparency and compliance with statutory disclosure obligations. The announcement is signed by the President of the Management Board, Przemysław Marszał, and Board Member Grzegorz Miechowski, confirming the official nature of the summons and the company's adherence to established regulatory frameworks for listed entities in Poland.

investment game-publishing market-forecast+2

11 bit studiosMay 2024

Financial

Financial Results for the Fiscal Year Ending March 2024

Koei Tecmo achieved record-high sales of 84.6 billion yen for the fiscal year ending March 2024, primarily driven by a 40.6% surge in the mobile and online sectors. While net profit rose by 9.2% due to record-level non-operating income and successful financial management, operating profit declined by 27.2% to 28.5 billion yen. This contraction reflects a strategic shift from high-margin royalty partnerships toward in-house publishing, which necessitated increased expenditures in advertising, outsourcing, and employment. The company expanded its workforce by hiring 158 new graduates and raising base pay, a trend set to continue as the firm scales its internal development capabilities. The transition toward large-scale, global intellectual properties reached a milestone with the launch of Rise of the Ronin, the company’s first AAA open-world title. Although some console releases underperformed initial expectations, Rise of the Ronin surpassed the early sales pace of the Nioh series and received strong user feedback. To sustain this momentum, a dedicated AAA Studio has been established to develop major titles independently of traditional brand frameworks. This organizational change aims to professionalize AAA development management, ensuring stricter adherence to quality standards, delivery timelines, and budget constraints. Looking toward the fiscal year ending March 2025, the strategy focuses on returning to an upward trend in operating profit through a balanced portfolio of console and mobile titles. Management is targeting 7.6 million unit sales and 30 billion yen in operating profit while integrating generative AI into production workflows to optimize costs. Furthermore, the company is prioritizing its transition to the Tokyo Stock Exchange Prime Market by improving its tradable share ratio. These financial and structural adjustments serve as the foundation for the upcoming 4th Mid-Term Management Plan, which seeks to establish the firm as a global leader in the gaming industry.

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Koei TecmoApr 2024

Legal

Zmiana Daty Premiery Gry „INDIKA” na 2 Maja 2024 Roku

The management of 11 bit studios S.A. has officially rescheduled the global release date for the narrative-driven adventure title Indika to May 2, 2024. This update specifically concerns the digital PC version of the game, which will be distributed through major international storefronts including Steam and GOG. While the PC launch is prioritized for the beginning of the month, the console versions for Xbox Series X/S and PlayStation 5 are slated for release later in May 2024. Developed by the Kazakhstan-based studio Odd Meter and published by 11 bit studios, Indika is set in an alternative version of 19th-century Russia. The project is characterized by its heavy emphasis on storytelling and atmospheric world-building. Beyond its commercial objectives, the title carries a social impact component, as a portion of the revenue generated from sales will be allocated to support children who have been affected by the ongoing war in Ukraine. This strategic timing adjustment follows previous communications regarding the game's launch window and reflects the publisher's coordination of a multi-platform rollout within the second quarter of 2024. The announcement serves as a formal disclosure of inside information under European market abuse regulations, ensuring transparency for stakeholders regarding the company’s publishing pipeline and anticipated revenue streams for the current fiscal period.

game-publishing poland pc+1

11 bit studiosApr 2024

Financial

FY2024 Presentation Material: January–March 2024

CyberAgent’s financial results for the second quarter of fiscal year 2024 reflect a period of record-breaking sales and significant profit recovery. Consolidated net sales reached 215.1 billion yen, a 10% increase year-on-year, while operating income rose 12.2% to 21.0 billion yen. This performance marks a strategic pivot toward a new growth phase, with the company successfully positioning FY2023 as its earnings floor. The game business served as a primary growth engine this quarter, with sales increasing 8.1% year-on-year to 67.1 billion yen and operating income surging 421.2% quarter-on-quarter to 18.2 billion yen. These results were driven by the successful global launch of Granblue Fantasy: Relink, which sold one million units in eleven days, and the third-anniversary events for the flagship title Uma Musume Pretty Derby. The internet advertisement business also achieved record sales of 107.3 billion yen, maintaining steady growth through the integration of generative AI tools to maximize ad effectiveness. A major milestone was achieved in the media segment, where the ABEMA streaming platform turned profitable on a quarterly basis for the first time since its investment phase began. ABEMA’s weekly active users grew to 23.64 million, supported by expanded sports programming through partnerships with DAZN and WOWOW. Across all segments, the company is leveraging technological advantages, including proprietary large language models and AI-driven production studios, to improve operational efficiency. Based on these results, the company reports strong progress toward its full-year forecasts, having already achieved over 90% of its annual operating profit target by the end of the second quarter. The strategic outlook focuses on stabilizing the game business through long-term IP management and establishing ABEMA as a permanent fixture of social infrastructure.

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CyberAgentApr 2024