Fourth Quarter 2024 Presentation
Starbreeze Entertainment’s fourth‑quarter 2024 briefing outlines a strategy centered on expanding the PAYDAY® franchise, launching new multiplayer experiences, and tightening operational efficiency to sustain growth. The company highlights the ongoing production of “Project Baxter,” partnership talks slated for spring, and the integration of high‑visibility platforms such as PUBG: Battlegrounds and Roblox to broaden the PAYDAY IP reach. Continuous release of multiple titles is presented as a risk‑mitigation measure that diversifies revenue streams while the firm emphasizes a strong cash position and limited debt to support its strategic agenda.
Financial results for Q4 2024 show net sales of SEK 46.4 million, a modest EBITDA of SEK 19.7 million, and a near‑break‑even operating cash flow of SEK ‑0.3 million, contrasting with a full‑year 2024 net sales total of SEK 185.9 million and an EBITDA of SEK 97.6 million. Cash and cash equivalents rose to SEK 191.9 million, reflecting disciplined cash‑flow management despite a SEK ‑245.5 million net outflow from investing activities, primarily game development. Operating expenses fell across direct development, selling and marketing, and administrative categories, with total direct costs decreasing to SEK 80.4 million from SEK 111.3 million a year earlier, driven by lower server and marketing spend and higher capitalization of development work.
The balance sheet indicates intangible assets of SEK 3 million, property, plant and equipment valued at SEK 69 million, and trade receivables linked to PAYDAY 3 of roughly SEK 20 million. Non‑current liabilities stand at SEK 226 million, while current liabilities are SEK 122 million, underscoring a solid liquidity profile. Organizational changes include targeted hiring for project‑specific skills, modest net employee adjustments, and the evaluation of redundancies in marketing and the potential termination of foreign entities to streamline costs.
Overall, the report conveys a focused effort to leverage established IPs, introduce new multiplayer titles, and reinforce financial stability, positioning Starbreeze for sustained growth in the global video‑game market throughout 2025 and beyond.
