11 bit studios S.A. (WSE:11B)
Poland flag Poland · Delayed Price · Currency is PLN
166.50
-4.50 (-2.63%)
Apr 24, 2026, 5:01 PM CET

11 bit studios Earnings Call Transcripts

Fiscal Year 2025

  • Record revenue of PLN 142 million was achieved, driven by new releases and strong back-catalog sales. Multiple new projects and DLCs are in development, with a robust pipeline extending through 2031 and continued focus on operational efficiency and long-term monetization.

  • Revenue surged 90% year-over-year to PLN 58m in H1 2025, with strong contributions from The Alters and Frostpunk 2. Net profit reached PLN 8.5m, and management expects full-year results to surpass 2024 despite FX headwinds.

  • Revenue rose 14% year-over-year, but operating costs surged 30% due to royalties, licenses, and marketing. Strong media interest surrounds upcoming releases, with The Alters on track and no delays expected.

  • Investor Update

    Record 2024 revenues were offset by project closures and impairments, but strong liquidity and a robust IP portfolio support a new three-pillar strategy. Up to seven games will be developed or supported in parallel, with major releases and updates planned for 2025 and beyond. The Alters launches June 2025 at $35.

Fiscal Year 2021

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