Sign up for the GI Daily here to get the biggest news straight to your inbox
Starbreeze revenue rises 42.9% to $46.6m in Q3
16.11.2023 - 13:51 / gamesindustry.biz / Lars Wingefors / Tobias Sjögren
Starbreeze has released its financial results for the three months ended September 30, 2023, reporting a significant increase in revenue following the release of Payday 3.
The latest installment of the franchise accounted for 89% of Starbreeze's total net sales this quarter.
Starbreeze reported a significant 42.9% rise in sales this quarter to SEK 494.4 million ($46.6 million), compared to SEK 38.7 million ($3.6 million) in 2022.
The company detailed a net profit of SEK 299.5 ($28.3 million) compared to a loss of SEK 7.7 million ($726,802) in Q2 2022.
Payday 3's release this September accounted for SEK 440.8 million ($41.6 million) of total sales, with Starbreeze CEO Tobias Sjögren noting the game has recouped the company's investment in the game.
This is despite a troubled launch which saw many players unable to access servers for the online-only game, which Sjörgen addressed.
"Unfortunately, it quickly became evident that the infrastructure on which the game rests was not holding up – this despite extensive internal and external tests carried out leading up to launch," he said.
"The consequence of this is that sales after the period are somewhat lower, but we are convinced that what we have in store will increase sales over time."
From the perspective of Embracer, which owns Payday 3 publisher Plaion, the game performed below expectations.
During Embracer's earnings call (via VGC) following the release of its Q2 results, CEO Lars Wingefors said the game released "a bit weaker than expected" and "performed below management expectations."
Overall, Starbreeze reported game sales of SEK 492.6 million ($36.4 million) versus SEK 36.4 million ($3.4 million) during the last period.
Sign up for the GI Daily here to get the biggest news straight to your inbox
The website gametalkz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Authors
Popular Topics
thesixthaxis.com
04.12.2023 / 21:47
Starbreeze announced a Dungeons & Dragons game for 2026
PayDay 3 developers Starbreeze have announced a new game based on the Dungeons & Dragons IP. The title, currently codenamed Project Baxter, will launch in 2026 on all major platforms and is being built with the Unreal 5 engine.
mmorpg.com
04.12.2023 / 21:27
Starbreeze To Develop 'Action-Oriented' Co-op Dungeons & Dragons Game, Codenamed Project Baxter
Starbreeze has struck a deal with Wizards of the Coast to license Dungeons & Dragons for a new game, codenamed Project Baxter.
pcgamer.com
04.12.2023 / 20:21
Payday studio Starbreeze is working on a co-op multiplayer D&D game, and the more I think about it the more it makes sense
If you've ever thought to yourself that the Payday games are great but they'd be even better if they replaced the guns and bank vaults with swords, spells, and treasure chests, Starbreeze Studios has some oddly-specific good news. Its next big project is a «co-operative multiplayer» game set in the fantasy RPG world of Dungeons and Dragons.
wccftech.com
04.12.2023 / 19:39
Dungeons and Dragons Co-Op Game in Development at Starbreeze for 2026 Release
Today, Starbreeze announced it has partnered with Wizards of the Coast to create a Dungeons and Dragons cooperative game. The title, powered by Unreal Engine 5 technology, will be released in 2026 on all major platforms (which likely means PC, PlayStation 5, Xbox Series S|X, and possibly even Nintendo Switch 2) with cross-play functionality.
gamingbolt.com
04.12.2023 / 19:37
Project Baxter Announced by Starbreeze – Co-op Dungeons and Dragons Title Launches in 2026
Starbreeze Entertainment is working on a new action-adventure game based on Wizards of the Coast’s Dungeons and Dragons property. Codenamed Project Baxter, it will launch in 2026 for “all major platforms” with cross-play. Check out the first two pieces of concept art below.
gamedeveloper.com
04.12.2023 / 18:49
Starbreeze to develop and self-publish Dungeons & Dragons co-op game
Starbreeze Studios is trading in its crime masks for dice. The Payday developer will be developing and self-publishing a game based on Wizards of the Coast's Dungeons & Dragons, with a planned release window of 2026.
rockpapershotgun.com
04.12.2023 / 17:43
Dungeons & Dragons co-op multiplayer game on the way from Payday devs
Payday devs Starbreeze are working on a co-op multiplayer game based on storied tabletop RPG Dungeons & Dragons. It’ll be out in 2026, and Starbreeze are being upfront with the fact it’ll be a games-as-a-service-type game.
venturebeat.com
04.12.2023 / 17:39
Starbreeze will make D&D co-op game code-named Project Baxter
Are you looking to showcase your brand in front of the brightest minds of the gaming industry? Consider getting a custom GamesBeat sponsorship. Learn more.
videogameschronicle.com
04.12.2023 / 17:05
Payday studio Starbreeze is making a Dungeons and Dragons live service game
Payday maker Starbreeze is developing a Dungeons and Dragons game codenamed Project Baxter, it has announced.
gameinformer.com
04.12.2023 / 17:05
Starbreeze Announces Project Baxter, A New Dungeons & Dragons Cooperative Multiplayer Game
Starbreeze, the studio behind games such as Payday 3, Brothers: A Tale of Two Sons, and The Darkness, has announced a partnership with Wizards of the Coast to develop and publish a new cooperative multiplayer game set in the world of Dungeons & Dragons.
gematsu.com
04.12.2023 / 16:33
Starbreeze Entertainment announces Project Baxter – new game based on Dungeons & Dragons IP
Starbreeze Entertainment has announced Project Baxter, a new game based on the Dungeons & Dragons intellectual property from Wizards of the Coast. It will launch in 2026 with cross-play for “all major platforms,” and is both published and developed by Starbreeze Entertainment.