Polish 11 bit studios reported for the first quarter of 2024. It earned more than analysts expected but did not avoid losses.
Frostpunk 2
- 11 bit studios' revenue amounted to 15.33 million zlotys ($3.89 million). Compared to last year, it increased by 3.8%. As reported by Bankier, the consensus forecast by PAP Biznes predicted revenue of 13.5 million zlotys ($3.43 million).
- Operating losses amounted to 1.03 million zlotys ($261.5 thousand). A year ago, the company reported an operating profit of 1.88 million zlotys.
- 48% of the revenue came from games published by 11 bit studios, primarily The Invincible and The Thaumaturge.
- 11 bit studios acknowledged that both games sold slightly worse than expected initially. However, during discounts, users purchased The Invincible and The Thaumaturge well, so the company expects strong long-term sales.
- 11 bit studios' annual revenue will largely depend on the success of the upcoming Frostpunk 2 and The Alters, so the company is actively investing in their marketing.