People Can Fly Report: Revenue increased by 63%, losses reduced nearly fivefold

The Polish company People Can Fly reported results for the first quarter of 2024. It announced a sharp increase in revenues.

Bulletstorm VR

• People Can Fly's revenue for January-March amounted to 56.8 million zlotys (13.1 million euros), which is 63% more compared to last year.
• Avoiding losses was not possible, but they significantly decreased. The company closed the quarter with a net loss of 864 thousand zlotys (200 thousand euros). A year ago, they amounted to 4.3 million zlotys (914 thousand euros).
• 48.2% of People Can Fly's revenue came from Europe. Last year, the region accounted for 88% of the revenue.
• People Can Fly is dissatisfied with the release of Bulletstorm VR. Initially, users actively criticized the game, complaining about poor quality. The company terminated the contract with Incuvo studio and announced that Incuvo can no longer claim royalties from Bulletstorm VR sales.
• Currently, People Can Fly is working on five major games, including Project Gemini (in partnership with Square Enix) and Project Maverick (in partnership with Microsoft).