Starbreeze AB (publ) (STAR_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everybody to the second quarter 2025 presentation by Starbreeze. Today's presenters are Adolf Kristiansson, CEO, and Mats Juul, CFO. Good morning everyone. Today we are going to cover the second quarter, where we made some major shifts in our strategy and structure. We have now put our focus back on our biggest IP, Payday. During the quarter, we released key updates into the franchise, which have resulted in increased playing time and a shift in community settlement. The recent ratings of Payday 3 on Steam have been more positive over the recent weeks, which have lifted the rating after an overall mixed review. This puts us on a positive path as we are further improving Payday to drive it into positive rating category. We have simplified our organization, which will be formally put in place on the 1st of September. We have made some critical hires during this period, which now have the critical business responsibilities and are responsible for their own P&L, where they drive both revenue and manage the cost. And as part of this org change, we took on exceptional one-time charges, which marginally draw our costs up. As well as closing our friends entity and building up our tech teams in Stockholm. Our work for hire project with Krafton delivered solid revenues during the quarter. The project is progressing incredibly well and we will continue to work on such projects as they fulfill an important function in our business. Both in terms of development of our employees and even out the ebbs and flows of our revenue. The third-party publishing revenue was disappointing during the quarter, despite losing two titles, which both were well received by players and media alike. Both games, RoboQuest on PlayStation and Out of Sight, received solid ratings. But in the cur...