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Starbreeze: PAYDAY 3 is now live in early access

STAR BAnalyst Comment2023-09-19 10:29
Anton DamsténAnalyst
Discuss

Yesterday, September 18th, PAYDAY 3 went into early access for the players who bought the silver and gold versions. I had the opportunity to play the game for about 2 hours yesterday on PC and really enjoyed the game. I had no technical issues, and my impression of the game was good.

On the PlayStation 5 version, there was an issue where players somehow ended up playing an older version of the game that was not working correctly. This issue angered the PlayStation community, who were looking forward to playing the game. According to Starbreeze, Sony is working on getting the correct game version on PlayStation 5.

As of writing this, Starbreeze’s stock is down 15%. We can only assume due to the PS5 issues. Having the early access launch problems on PS5 is unfortunate and surely disappointed some eager fans waiting to play the game as soon as possible. However, looking at the big picture, we do not think it is a major issue, and hopefully, it will be solved soon.

The game’s official release is on Thursday, and that is when the GaaS story of PAYDAY 3 truly starts. PAYDAY 3 is currently the third bestselling game on Steam and had a peak concurrent player count of 35,200 yesterday on Steam. At this stage, however, it is too early to draw any conclusions or make changes to estimates. We will naturally continue to closely follow the launch and the players’ reactions to the game.

Starbreeze operates in the gaming industry and focuses on the development, publishing and distribution of computer games and interactive entertainment. The company's portfolio includes both its own games and collaborations with other game developers. The business is aimed at gamers and distributors globally, with the largest operations in Europe. Starbreeze was founded in 1998 and is headquartered in Stockholm, Sweden.

Read more on company page

Key Estimate Figures2023-09-12

202223e24e
Revenue127.6679.0373.4
growth-%1.5 %432.1 %-45.0 %
EBIT (adj.)6.7433.979.5
EBIT-% (adj.)5.3 %63.9 %21.3 %
EPS (adj.)-0.080.300.05
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.0.31.9
EV/EBITDA18.1neg.neg.

Forum discussions

And here is the report from Chrisu Starbreeze’s Q2 revenue fell short of our forecasts, but the miss was entirely due to the end of the KRAFTON...
8/21/2026, 2:25 PM
by Sijoittaja-alokas
0
Some insider buying from the management/board would have been needed in this company.
8/21/2026, 1:12 PM
0
Here are Christoffer’s quick comments on Starbreeze’s morning results Starbreeze’s Q2 result was mixed in relation to our expectations. Reported...
8/20/2026, 8:22 AM
by Sijoittaja-alokas
0
Here are Christoffer’s preliminary comments ahead of Starbreeze’s Q2 results on Thursday We expect a clear decline in revenue and profitability...
8/18/2026, 5:45 AM
by Sijoittaja-alokas
0
Bluesky Social – 19 May 26 Jason Schreier (@jasonschreier.bsky.social) NEW: Hasbro has canceled a Dungeons & Dragons game from veteran director...
5/21/2026, 5:13 AM
by supremegod
0
Hi! We are hoping to arrange an interview soon; I will mention to the company that it would be appreciated by you investors.
5/15/2026, 7:36 AM
by Jesper Hagman
3
“Harps” on the same question again? Requesting a CEO interview
5/15/2026, 7:24 AM
0