Starbreeze reports quarterly loss of almost $2.5 million, up 470% year-over-year

Starbreeze has shared its financial report for the first quarter of 2022. Although player interest in Payday 2 remains strong, the company’s losses keep growing.

Key takeaways from the report

  • Starbreeze’s net sales were SEK 23.5 million ($2.3 million), which is down 15.7% year-over-year.
  • PC sales amounted to SEK 19 million ($1.87 million), which is down 16% year-over-year. Console sales amounted to SEK 4.4 million ($430k).
  • The company reported a loss before tax of SEK 23.8 million ($2.34 million), which is a 470% increase compared to the first quarter of 2021.
  • Sales of Payday 2 on Steam dropped 24% year-over-year to SEK 1.2 million ($110k), with sales of the game’s DLCs decreasing by 11% to SEK 1.6 million ($150k).
  • Payday 2 had more than 800k monthly active users during the first quarter.

“Our strategy for new games is to use our experience in games as a service, and our ability to build strong communities that create long-term entertainment value for our players and long-term revenue for Starbreeze,” the company’s CEO Tobias Sjögren said in a statement. “More games and proprietary IPs means that we are ensuring that there is a long-term and differentiated revenue model to help strengthen Starbreeze as a company.”

  • Payday franchise has surpassed $300 million in lifetime revenue, with its install base reaching over 36 million players.
  • North America accounted for 45% of Starbreeze’s Steam revenue in 2021, followed by Europe (22%), Asia (18%), Latin American (5%), and Russia/CIS (5%).
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