Starbreeze AB ( (STBEF) ) has released its Q4 earnings. Here is a breakdown of the information Starbreeze AB presented to its investors.
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Starbreeze AB is a Swedish video game developer and publisher, known for its popular PAYDAY series, operating within the digital entertainment industry.
In its latest earnings report for 2024, Starbreeze AB highlighted a challenging year with a significant decrease in annual net sales compared to the previous year, primarily due to declines in PAYDAY 3 and PAYDAY 2 revenues. Despite these challenges, the company reported a positive EBITDA for the fourth quarter, indicating some operational improvements.
Key financial highlights included a net revenue of 185.9 MSEK for the year, a sharp drop from 633.5 MSEK in 2023, with notable declines in PAYDAY 3 sales. The company achieved an EBITDA of 97.6 MSEK, although the net loss before tax stood at -199.1 MSEK. The company’s cash flow from operations was slightly positive at 64.9 MSEK for the year, and it held cash reserves of 191.9 MSEK at the end of the period.
Strategically, Starbreeze continued to diversify its revenue streams by expanding its third-party publishing and work-for-hire agreements, including a new partnership with KRAFTON, Inc. to bring PAYDAY experiences to PUBG. The company also announced updates and new content for its existing games and plans to launch Roboquest on PlayStation platforms in 2025.
Looking ahead, Starbreeze’s management remains focused on strengthening its PAYDAY brand, expanding its audience, and exploring additional partnerships to ensure a more stable and diversified revenue base. The company is optimistic about its prospects in 2025, supported by a balanced risk profile and a strong cash position.
