IO Interactive earned $78 million for the 2021 fiscal year – this is a record figure in the entire history of the studio

IO Interactive summed up the results of a very successful 2021. In many ways, the phenomenal sales of Hitman 3 contributed to the financial success of the studio. We publish the main thing from the report.

On October 10, some details of the financial report of the Danish studio IO Interactive for the period from April 2020 to March 2021 were published on Twitter and on Reddit. The following became known from them:

• the total revenue was a record high for the studio for the entire existence – 502.6 million Danish crowns or $ 78 million;the total profit amounted to 270.7 million Danish crowns or $42 million;
• This is 6.5 times higher than the company’s previous record of DKK 40.9 million earned in fiscal year 2018.;
• Hitman 3 sold 300% more than originally planned;
• IO worked on the project independently, without involving third–party partners and publishers – all profits went to the studio itself;
• by the end of the 2022 fiscal year, management forecasts revenue of 200-250 million Danish crowns or $ 30-40 million;
• about the same amount the studio earned in the year of the release of the successful Hitman (2016);
• IO is currently developing three projects: add-ons for Hitman 3, Project 007 and an unannounced title;
• The success of Hitman 3 opened the way for new franchise games;
• IO wants to expand its staff to 400 employees and is going to open a new studio in Barcelona.
• Charts from Reddit showing IO Interactive’s revenue and profit in dollars and crowns