Starbreeze

Following the strategic pivot to focus entirely on the PAYDAY franchise, we will be watching closely for updates on execution progress

The revised strategy, including axing Baxter from the pipeline, marks a decisive shift in the company’s strategy and removes yet another core diversification pillar from our investment case

21:51

Starbreeze announced yesterday an updated strategy, putting an even stronger spotlight on its flagship franchise, PAYDAY. As part of the shift, development of the upcoming game Baxter has been discontinued.

On Thursday, Starbreeze announced the discontinuation of Project Baxter along with a refined strategy.

20:19

In this interview, CEO Adolf Kristjansson shares his reflections on the second quarter...

Starbreeze delivered Q2 revenue and EBIT below our expectations, primarily driven by softer PAYDAY 3 (“PD3”) and third-party publishing (“3PP”) revenue, as well as a higher cost base than expected.

Starbreeze delivered Q2 revenues and EBIT well below our expectations, driven primarily by weaker-than-anticipated performance from PAYDAY 3 (“PD3”) and a higher cost base than expected.

Starbreeze will release its Q2 report on Tuesday, August 19. We expect revenue to remain broadly stable compared to Q1, but significantly higher year-on-year, driven by contributions from the KRAFTON partnership and the acquisition of full publishing rights for PAYDAY 3 (PD3).