"PAYDAY™ 3 evolves with 'Operation Medic Bag'"
First quarter 2024
- Net sales amounted to
SEK 56.6 million (26.7).-
PAYDAY 2 accounted for
SEK 10.9 million (26.4). -
PAYDAY 3 accounted for
SEK 23.3 million (0). -
Third-party publishing accounted for
SEK 17.4 million (0).
-
PAYDAY 2 accounted for
-
EBITDA* amounted to
SEK 48.5 million (4.1), including items affecting comparability of 19.9 million. -
Cash flow from operating activities amounted to
SEK 78.4 million (20.7). -
Depreciation, amortization and impairment amounted to
SEK 71.8 million (15.6). -
Profit/loss before taxes amounted to
SEK -21.0 million (-24.7). -
Basic and diluted earnings per share amounted to
SEK -0.01 (-0.03). -
Cash and cash equivalents amounted to
SEK 387.2 million (78.0).
Significant events during and after the quarter
January 9 ,Starbreeze announced changes in Group management.January 10 , the Starbreeze Nomination Committee announced the proposal to appoint Jürgen Goeldner as the new Chairperson of the Board of Directors at the 2024 Annual General Meeting.February 15 , "Operation Medic Bag" was launched - a focused project to meet the expectations of the player community and improve PAYDAY 3. The game has seen three major updates sinceFebruary 15 .February 22 , The Tribe Must Survive was released in Early Access on Steam.March 12 , Board member Jürgen Goeldner was appointed interim CEO ofStarbreeze . A process to recruit a permanent CEO is ongoing.April 15 , a content update was released for Roboquest with new content, new functionality, and improvements.
CEO's message
PAYDAY™ 3 evolves with 'Operation Medic Bag'
During my months as interim CEO my focus has been on PAYDAY 3 as well as business development aspects, for example our presence at the
RESULTS AND FINANCIAL POSITION
Our cash position at the end of the quarter was
PAYDAY 3
PAYDAY 3's `Operation Medic Bag' is a comprehensive initiative that covers both smaller initiatives as well as improvements to the games' progression system. On top also matchmaking and server infrastructure and a solo/offline mode. We are going to increase both the cadence and scope of the patches, with several larger milestone releases planned, the first of which will launch in June. The team is working from feedback from our players and community, identifying the changes that we believe are the most impactful ones from a player perspective. We can already see the sentiment shift confirming that we are on the right track. "Operation Medic Bag" has meant that we've pushed some content DLCs in favor of adding new features. So, our pipeline for the summer months is very strong. Consequently, we expect to see an impact on sales from the third quarter onwards. The PAYDAY IP is strong, and the potential for the IP remains high, evident not only from our conversations in the industry.
PROJECT BAXTER
As previously mentioned,
THIRD PARTY PUBLISHING
Roboquest continues to perform strongly, and we continue to work with the developer to expand the game. Roboquest follows a Games as a Service-model with four targeted updates slated for 2024, the first of which was published here in April. The game continues to enjoy a very high rating from both players and media.
During the quarter, The Tribe Must Survive launched in Early Access on Steam. The purpose of Early Access is to foster a collaborative relationship with the player community, gathering valuable feedback on all aspects of the game. The 1.0 version of the full game will launch on
ORGANIZATION
During the quarter, the number of employees decreased slightly. We continue to hire specific competency for positions on Project Baxter while keeping the organization efficient for all our projects.
CLOSING WORDS
The search for a permanent CEO is coming to an end. For that position many candidates were identified, interviewed and assessed.
With a "vertical slice" of Project Baxter as the next step of the project, interested parties will be invited to submit their offers and we will select the best partner and deal for the product, the brand and ultimately for the company.
JÜRGEN GOELDNER, interim CEO
Webcast
Time: 10.00 CEST
Participation: To connect to the webcast- click here.
For more information, please contact:
Jürgen Goeldner, interim 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--interim-report-january-march-2024,c3978226
https://mb.cision.com/Main/14632/3978226/2794039.pdf
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