Starbreeze

Starbreeze delivered Q4 revenue clearly below our expectations, with the shortfall primarily driven by weaker PAYDAY 3 contribution.

We expect the report to show moderating year-on-year revenue growth due to the quarter’s limited content delivery and muted player activity.

Starbreeze delivered in-line Q3 revenue, but adjusted EBIT was below expectations

24:24

Starbreeze released its Q3 report today, with much of the focus on the Baxter exit and the progress of its new strategy. In this interview with CEO Adolf Kristjansson, we discuss Starbreeze’s performance during the third quarter and what lies ahead under the new strategic direction.

The report offered limited updates on the execution roadmap and forward-looking statements

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.