Starbreeze operates in the gaming industry and focuses on the development, publishing and distribution of computer games and interactive entertainment. The company's portfolio includes both its own games and collaborations with other game developers. The business is aimed at gamers and distributors globally, with the largest operations in Europe. Starbreeze was founded in 1998 and is headquartered in Stockholm, Sweden.
Starbreeze's Q1 results missed our already-cautious estimates on both revenue and profitability, with player engagement remaining weak despite recent game updates.
The miss was driven primarily by weaker-than-anticipated PAYDAY franchise performance, which continues to struggle with player engagement despite recent content updates, game improvements, and progression system overhaul.
We expect a significant year-on-year decline in both revenue and profitability, primarily driven by the wind-down of the KRAFTON work-for-hire partnership and ongoing engagement challenges for PAYDAY 3 ("PD3").
While we view the continued effort to leverage the franchise's brand equity as a logical strategic move, the licensing nature of the deal and the relatively niche VR market lead us to expect a limited financial impact in the near term.
Starbreeze announced on Wednesday that it has entered into a partnership with VICE Studios to develop film and television adaptations based on the PAYDAY franchise.
Starbreeze leverede en omsætning i 4. kvartal, der lå et godt stykke under vores forventninger, hvor afvigelsen primært skyldtes et særligt lavt bidrag fra PAYDAY 3 ("PD3").
Starbreeze leverede en omsætning i 4. kvartal, der lå klart under vores forventninger, hvor afvigelsen primært skyldtes et svagere bidrag fra PAYDAY 3.
Vi forventer, at rapporten vil vise en moderat omsætningsvækst år-til-år på grund af kvartalets begrænsede levering af indhold og afdæmpede spilleraktivitet.
