Starbreeze

9:56

Lyssna på analytikerintervjun där vi går igenom Q2-rapporten, målet om positivt kassaflöde 2026 och vad Christoffer konkret väntar på för att bli mer positiv till caset.

Following Q2, we see the stated target of achieving positive cash flow by 2026 as increasingly unlikely.

We view the recent recovery in PAYDAY 3 player sentiment as a positive sign, even though monetization has yet to follow. With the cash balance down to ~52 MSEK and free cash flow still negative, we see the path to the company's stated 2026 cash flow positive target as increasingly unlikely.

Starbreeze reports Q2 on 20 August, and we expect a sharp year-on-year drop in both revenue and profitability, putting the spotlight squarely on the company's cash runway

12:21

Starbreeze levererade ett Q1-resultat som kom in under redan försiktiga estimat. Samtidigt lanseras nya uppdateringar och partnerskap i jakten på ökad spelaraktivitet.

Starbreeze's Q1 results missed our already-cautious estimates on both revenue and profitability, with player engagement remaining weak despite recent game updates.