11 bit studios S.A. is a Polish video game developer known for its critically acclaimed titles such as 'This War of Mine' and 'Farming Simulator'. The company differentiates itself through its focus on narrative-driven gameplay and unique art styles, primarily targeting the European and North American markets.
TechnologyElectronic Gaming & Multimediamoderate - the company has low fixed costs due to its digital distribution model, but relies on successful game launches to drive revenue.
Business Overview
01Game sales (80%)
02In-game purchases (15%)
03Merchandising and licensing (5%)
11 bit studios generates revenue primarily through the sale of its video games on various platforms including PC, consoles, and mobile. The company has a strong pricing power due to its established IPs and loyal customer base, allowing it to maintain healthy margins despite competitive pressures.
What Moves the Stock
New game releases, particularly sequels or expansions of popular titles
Critical reception and sales performance of launched games
Trends in the gaming industry, such as shifts towards mobile or subscription models
Partnerships or collaborations with larger gaming platforms
Watch on Earnings
Monthly active users (MAUs)Average revenue per user (ARPU)Game development costs relative to revenue
Risk Factors
Technological disruption from emerging gaming platforms or formats
Regulatory changes affecting digital content distribution
Intensifying competition from larger gaming studios with more resources
Emergence of free-to-play models that could undermine traditional game sales
Low liquidity due to minimal cash reserves
Potential volatility in revenue due to reliance on hit titles
StructuralCompetitiveBalance Sheet
Macro Sensitivity
Economic Cycle
moderate - while gaming can be counter-cyclical, economic downturns can impact discretionary spending on entertainment.
Interest Rates
Low - the company has minimal debt, so rising rates do not significantly affect financing costs.
Credit
minimal - the company operates with a low debt-to-equity ratio, indicating strong financial health.
Live Conditions
Nasdaq 100 FuturesS&P 500 Futures
Profile
growth - investors are likely attracted to the potential for high returns from successful game launches.
high - the stock has shown significant price fluctuations, evidenced by a -28.7% return over the past year.