Starbreeze AB (publ) (STAR_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the third quarter presentation of Starbreeze Entertainment's results. The key highlights of this quarter include the strategic refocus with Payday at the core, where we unfortunately had to make the decision to discontinue Project Baxter. Project was great, but it was the right decision to make to basically refocus our company on Payday with Payday at its core. We updated our strategy and expanded into the heisting genre. The quarter was good in terms of strong operating cash flow, which is supported by about 35% increase in revenue versus last year. We expanded the Payday team to about 65 people and we are now progressing well in terms of changing the model of the game to a live service engagement model. We also launched our partnership with Sidetrack Studios in terms of maintaining Payday 2 going forward. Payday is a platform of growth Paytay is our core franchise and our growth engine. Expanding the Paytay universe into new formats and platforms remains a priority for the company. We have select premium projects and strategic partnerships that will broaden the reach and diversify their revenues. The strategic focus aligns with the global IP trend concentration of proven franchises. This focused model deepens the player engagement, strengthens the brand equity and creates a scalable foundation for sustainable value creation. We can see across the industry, major studios are refocusing their efforts on the strongest franchises and most loyal communities. We are already there. with clarity of purpose and owning one of the most recognizable global IPs in gaming and a clear path to disciplined growth. By challenging our resources into payday and selective strategic initiatives, we will reduce complexity, improve predictability, enhance our ...