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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.0.51.5
EV/EBITDA18.1neg.neg.

Forum discussions

Hi everyone! My name is Christoffer Jennel and I’m responsible for analysis monitoring at Starbreeze. Since our forum has now switched to multilingual...
10/20/2025, 7:53 AM
by Christoffer Jennel
8
Here is a company report from Jennel and Riikola, prepared after the latest news. The actual PDF report is in English, and the “comment section...
10/7/2025, 7:31 AM
by Sijoittaja-alokas
1
Here are Christoffer Jennel’s comments regarding Starbreeze’s Baxter rejection news. On Thursday, Starbreeze announced the discontinuation of...
10/4/2025, 2:30 PM
by Sijoittaja-alokas
1
Well, that went strongly again. Starbreeze discontinues development of the new AAA game Baxter and focuses on Payday development. Starbreeze...
10/2/2025, 10:45 AM
by Trivial
6
Copied from Paradox (see e.g. Stellaris). Not necessarily a bad idea for these games where the pile of DLCs has grown so large that most players...
9/25/2025, 6:52 AM
by Jarnis
3
Payday 2 now has an option for a $5 per month subscription that gives access to all additional content: https://store.steampowered.com/app/3847540...
9/25/2025, 6:50 AM
by Toomas Rahula
1
Starbreezen toimitusjohtaja Adolf Kristjansson oli Cristoffer Jennelin haastattelussa. In this interview, CEO Adolf Kristjansson shares his ...
8/22/2025, 1:29 PM
by Sijoittaja-alokas
4
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