Starbreeze AB (publ) (STAR_B) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to our presentation of the second quarter. And thank you all for listening in. There will be time for questions after the presentation. So please bear with me. My name is Mathieu. I'm the acting CEO and CFO of Starbase. So second quarter, key takeaways. Let's get into it. We have had a very good quarter with several updates for Payday 3. We also had an AGM where we appointed our new chairman of the board, Jörgen Goldner, and we have gone into full production of our next game, Dungeons & Dragons. Third-party publishing with RoboQuest as our biggest title continues to perform better than expected. And we ended the quarter with a strong cash position of about 335 million, which enables us to continue to develop Payday 3 at a high pace and at the same time develop and release Dungeons & Dragons in 2026, among other initiatives. So all in all, a very good quarter. Just to recap a little bit about Starbeast and our strategy. We usually talk about this in the presentations where we also highlight part of what we already have done and looking into what we're going to do going forward. So we have talked about this over the past years and I'm very glad to say that we continue to deliver on our goals we have set for 2024. If we're looking into the years to come, our strategy is to build Starbreeze stronger and better through self-publishing of our own games based on our own IPs. That's a core foundation of our company. We will have several games on the market, driving revenue and at the same time increasing stability. We will continue to monetize on all the titles we have published already or will publish in the future. And we have the ambitions to expand our franchises beyond games through, as an example, movie or TV series or other initiat...