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Analyst Comment

PAYDAY 3 release date announced as September 21st 2023

By Anton DamsténAnalyst
Starbreeze

Starbreeze’ new game, PAYDAY 3, will be released on September 21st to PC, PlayStation 5, and Xbox Series X|S. The game’s standard edition is priced at USD 40 with more expensive editions priced up to USD 90. Both the release date and price were broadly in line with our expectations of a late Q3 release and a price of USD 45.

Starbreeze also announced that the game will be available on Xbox Game Pass at launch. Game Pass is a subscription service that offers users access to a vast library of games for a monthly fee ranging from USD 10 to 15. This means users can access PAYDAY 3 at a lower price point, which will divert some sales from the standalone game. Starbreeze will, however, naturally receive compensation for placing PAYDAY 3 on Xbox Game Pass. The press release in fact mentions that Xbox together with Starbreeze and Plaion will undertake joint marketing activities for the game.

Three different digital editions (Standard, Silver, Gold) and two physical editions (Day one, Collector) of the game will be available. The price of the Standard edition is USD 40, while the Silver and Gold editions will be sold at USD 70 and USD 90, respectively. The higher-priced editions grant players early access to the game, starting on September 18th, along with special bonus content and a season pass (6 and 12 months) that provides access to future DLCs.

In conjunction with the announcement of the release date a gameplay trailer for PAYDAY 3 was released and can be viewed here. In addition, as a consequence of the PAYDAY 3 announcement the subscription period for the ongoing rights issue has been extended. The extended subscription period will run up to and including June 20, 2023.

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.

Read more on company page

Key Estimate Figures30.05.2023

202223e24e
Revenue127.6669.0370.2
growth-%1.5 %424.3 %-44.7 %
EBIT (adj.)6.7454.8140.4
EBIT-% (adj.)5.3 %68.0 %37.9 %
EPS (adj.)-0.080.270.09
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.0.31.0
EV/EBITDA18.1neg.neg.

Forum discussions

Brilliant performance by management and proof that the strategy works, if the goal is to drive the company into bankruptcy. Half of the cash...
2/20/2026, 9:34 AM
by Trivial
7
Here is the company report on Starbreeze from Christoffer and Atte following Q4. Starbreeze reported Q4 revenue significantly weaker than our...
2/20/2026, 6:33 AM
by Sijoittaja-alokas
1
Christoffer Jennel has written a quick comment on Starbreeze’s Q4 results. Starbreeze reported Q4 revenue clearly below our expectations, and...
2/19/2026, 8:41 AM
by Sijoittaja-alokas
0
Christoffer has written a preview as Starbreeze reports its Q4 results on Thursday, Feb 19. We expect the report to show moderate year-on-year...
2/17/2026, 7:57 AM
by Sijoittaja-alokas
0
Christoffer and Atte have released a new company report on Starbreeze following the Q3 results. Starbreeze reported Q3 revenue in line with ...
11/12/2025, 8:50 AM
by Sijoittaja-alokas
3
Hi! Our analyst Christoffer interviewed Starbreeze’s CEO today in connection with their Q3 report. Check it out here, the interview is in English...
11/11/2025, 3:05 PM
by Jesper Hagman
5
There isn’t much to share in the coffers; even those small amounts go purely into running the bureaucracy and finding a party that would then...
11/11/2025, 12:40 PM
by Arvuuttaja
0
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