)
Visual
test
11 Bit Studios
11 Bit Studios (11B) investor relations material
11 Bit Studios Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Revenue for the nine months ended 30 September 2025 was PLN 101.3 million, down 5% year-over-year, driven by the launch of The Alters and strong catalogue sales, despite a record 2024 comparison.
The Alters launched in June 2025, selling 405,000 copies by mid-November, and Frostpunk 2 console version released in September 2025.
Publishing division contributed with new releases and monetisation of prior titles, including The Invincible, The Thaumaturge, and INDIKA.
Strategic focus shifted to monetising recent releases, optimising development processes, and building a robust long-term pipeline.
Financial highlights
Net profit for the nine months was PLN 21.97 million, down from PLN 47.55 million year-over-year.
EBITDA was PLN 30.59 million, a significant decrease from PLN 53.08 million in the prior year.
Operating profit fell to PLN 25.21 million from PLN 53.72 million year-over-year.
Depreciation and amortisation rose sharply to PLN 24.08 million, mainly due to new game launches and a change in amortisation method.
Cash and cash equivalents at period end were PLN 71.2 million, up from PLN 65.5 million at year-end 2024.
Outlook and guidance
Fourth quarter expected to be strong, with major releases including Moonlighter 2: The Endless Vault (Early Access) and Death Howl.
Additional revenue anticipated from Frostpunk 2: Fractured Utopias DLC and a major content update for The Alters.
Management expects continued catalogue monetisation and positive impact from year-end promotional activities.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- FTV
2025 results beat guidance, with strong EPS growth and $1.6B in share repurchases. - PRU
Double-digit earnings growth and strong capital returns offset Japan sales suspension impact. - BEN
All proposals passed, with strong financial growth and strategic progress in alternatives and ETFs. - APAM
AUM hit $180B in 2025, with strong credit/alternatives growth and higher dividends. - OXBR
Tokenized reinsurance contracts on Solana open Florida’s high-return market to global investors. - KMT
Q2 sales and earnings surged, driving raised full-year guidance and strong segment growth. - RNR
Net income hit $2.65B in 2025, with 30.8% book value growth despite major loss events. - WNC
Q4 2025 revenue was $321.5M with losses, but Parts & Services grew 32.6% year-over-year. - AGI
Path to 1M oz gold by 2029, with lower costs, strong cash flow, and major expansions advancing. - NAZARA
Nodwin's acquisition of Freaks 4U Gaming targets global growth, margin expansion, and profitability.
Next 11 Bit Studios earnings date
Q4 202520 Apr, 2026
11 Bit Studios
Next 11 Bit Studios earnings date
Q4 202520 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
11 bit studios S.A. develops and sells video games worldwide, regardless of platform or gaming device. The company was founded in 2009 by Grzegorz Miechowski and Michal Rudzinski, together with Jakub Dvorski and Oskar Burliga, who serve as the editor and lead programmer today. After successfully developing several cult-classics: Anomaly Warzone Earth (2011), Anomaly Defenders (2014) and This War of Mine (2014), 11 bit studios is currently preparing for its next major title - Frostpunk.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage