The first six months of 2026 were not as successful for 11 bit studios as the first half of 2025. In a recent report, the Polish company discussed a decline in crucial financial indicators.
Death Howl
According to the document, this time 11 bit studios ended the half-year in the red. While a year ago, it managed to secure a net profit of 8.5 million zlotys ($2.3 million), it now faces a loss of 995 thousand zlotys ($267.6 thousand). The company's operating loss amounted to 4.3 million zlotys ($1.16 million).
The revenue also suffered. It declined by 21% to 45 million zlotys ($12.1 million) for 11 bit studios.
According to 11 bit studios, its revenues partially fell due to what is known as the high base effect. Last year, at the end of the reporting period, it released the highly successful The Alters, but currently, it lacks new releases of a similar caliber. Additionally, 11 bit studios amortized some assets and increased game development expenses.
Below is the revenue from 11 bit studios' highest-grossing games for the first half of 2026.
- Frostpunk 2 — 13 million zlotys ($3.51 million, -1%).
- Frostpunk — 6 million zlotys ($1.62 million, -23.4%).
- Death Howl — 4.87 million zlotys ($1.31 million).
- The Alters — 4.8 million zlotys ($1.3 million, -76.4%).
- Indika — 2.73 million zlotys ($737 thousand, +49%).
An interesting fact: during a teleconference with investors and analysts, the CEO of 11 bit studios, Przemysław Marszał, announced that in the foreseeable future, his company intends to expand its activities beyond games. He did not specify what exactly they plan to pursue but promised to share more details later.