Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
    • Transcripts
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Nora AI
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team

You seem to be using a wider screen, would you like to enable a wider viewing experience on this page?

Starbreeze: All bets on Payday

Starbreeze

PAYDAY 2 represents 97% of game developer Starbreeze’s total revenue. All bets are now on PAYDAY 3, which will be launched during H2'23. Analyst Anton Damstén summarizes the case, the ongoing rights issue, as well as valuation and recommendation.

Read the extended research, published 2023-05-30:
Starbreeze: It starts with Payday 3


Contents:
00:00 Start
00:10 One game - one company
01:10 Gaas model
01:40 PAYDAY 3
02:40 Risks
03:54 Ongoing rights issue and convertible loan
05:40 Future projects and plans
06:44 Publishing business
07:30 Valuation and recommendation
09:30 The possibilities for PAYDAY 3’s success

Read more about Starbreeze.

Stay up to date
Analyst Interviews

Recent videos

Valmet Q4'25: Cautious guidance overshadowed strong profitability
06.02.2026 klo 15.40 Valmet
Kreate, Q4'25 (in English)
06.02.2026 klo 12.00 Kreate Group
QleanAir, Audiocast, Q4'25
06.02.2026 klo 11.00 QleanAir
Vitec Software Group, Audiocast, Q4'25
06.02.2026 klo 11.00 Vitec Software Group
Lagercrantz Group, Audiocast, Q3'26
06.02.2026 klo 11.00 Lagercrantz Group
View all videos
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.