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.
-
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.