"
Fourth quarter 2023
- Net sales amounted to
SEK 69.2 million (33.6).-
PAYDAY 2 accounted for
SEK 18.3 million (32.4). -
PAYDAY 3 accounted for
SEK 36.2 million (0).
-
PAYDAY 2 accounted for
-
EBITDA* amounted to
SEK -20.6 million (19.4). - Cashflow from operating activities amounted to 62.7 MSEK (10.1).
-
Depreciation, amortization and impairment amounted to
SEK 74.4 million (15.0). -
Profit/loss before taxes amounted to
SEK -91.5 million (-12.3). -
Basic and diluted earnings per share amounted to
SEK -0.06 (-0.02).
Full-year 2023
- Net sales amounted to
SEK 633.5 million (127.6),-
PAYDAY 2 accounted for
SEK 139.1 million (121.9), -
PAYDAY 3 accounted for
SEK 477.0 million (0).
-
PAYDAY 2 accounted for
-
EBITDA* amounted to
SEK 439.3 million (66.4). - Cashflow from operating activities amounted to 114.6 MSEK (57.8).
-
Depreciation, amortization, and impairment amounted to
SEK 249.0 million (59.6). -
Profit/loss before taxes amounted to
SEK 207.7 million (-54.4). -
Basic and diluted earnings per share amounted to
SEK 0.19 (-0.08). -
Cash and cash equivalents amounted to
SEK 347.8 million (108.2). - In line with the company's dividend policy, the Board of Directors proposes that no dividend is paid for the 2023 financial year.
Significant events during and after the quarter
October 26 , launch of Turtle vs Turtle, a Fortnite island.November 3 ,Starbreeze announced that it will publish GodsTV.November 7 , Roboquest 1.0 was launched on Steam®, Xbox Series X|S,Xbox Game Pass andEpic Games Store .November 10 , Chairman of the Board of DirectorsTorgny Hellström announced that he will not be available for re-election at the 2024 Annual General Meeting.November 30 , two free heists were released for PAYDAY 3.December 4 ,Starbreeze announced that it had licensed the world's greatest role-playing game - Dungeons & Dragons® for Project Baxter.December 12 , launch of first DLC for PAYDAY 3, Syntax Error.January 9 ,Starbreeze announced changes in Group management.January 10 , the Starbreeze Nomination Committee announced the proposal to appoint Jürgen Goeldner as the new Chairman of the Board of Directors at the 2024 Annual General Meeting.January 17 ,Starbreeze announced the Early Access launch of The Tribe Must Survive on Steam onFebruary 22, 2024 .
CEO's message
Long-term focus on PAYDAY™ 3
PAYDAY 3's sales and player activity are currently at significantly lower levels than we would like. Our biggest focus and absolute priority, both during and after the quarter, are the efforts needed to ensure that the game lives up to expectations. We are working closely with our co-publishing partner Plaion to identify the changes that we will implement, in both the short- and long-term, that add the most value to the gaming experience. The PAYDAY team will in February announce the changes and improvements that are prioritized for implementation.
There are many examples from the game industry, where a problematic initial time on the market is turned into long-term success. There is no simple recipe available, but a common thread from the positive examples is to take players' criticism to heart, dare to support your game and keeping an open and honest dialogue with your stakeholders. That is exactly what we are now doing with PAYDAY 3. Few companies are blessed with a brand as strong as PAYDAY. At a time when our most recent game is lagging, PAYDAY 2 has fared slightly better than expected financially and with more than 400,000 active players in single months during the quarter. It shows the strength of the brand, and our potential to convert these to PAYDAY 3 as we deliver on our commitments.
Our long-term strategy is set; to build a strong and diversified
RESULTS & FINANCIAL POSITION
Net sales during the quarter amounted to
PAYDAY 3
In November, we launched a free DLC with two popular heists from PAYDAY 2 along with improvements and new functionality. Early December, the first premium DLC was launched, "Syntax Error", with a new heist, new enemies and new content among other things. The entire development team will now pivot to deliver on the initiatives to improve the game.
PROJECT "BAXTER"
In early December, we were finally able to reveal that we licensed Dungeons & Dragons® for use in our next game title. It is a brand that was always on the top of our lists of potential licenses to develop an action-adventure-game on. The Baxter team is currently in full pre-production and on track to launch in 2026.
THIRD PARTY PUBLISHING
Our business as a publisher of other studios' games continues to grow in a controlled manner, in line with our strategy. We will continue to leverage the experience, skills and capabilities we have at
ORGANIZATION
During the quarter, the number of employees increased by nine, primarily new recruitment of specific skills for the development of Project Baxter. At the end of the year, the number of employees amounted to 196 people.
CLOSING WORDS
As a company,
TOBIAS SJÖGREN, VD
Webcast
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For more information, please contact:
Tobias Sjögren, CEO
Tel: +46 0(8) - 209 229
Email: ir@starbreeze.com
This information is information that
About
Read more at www.starbreeze.com and corporate.starbreeze.com.
https://news.cision.com/starbreeze-ab/r/starbreeze-ab--publ--year-end-report-2023,c3928979
https://mb.cision.com/Main/14632/3928979/2606306.pdf
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