Starbreeze Posts Wider 2025 Loss Despite Higher Sales and PAYDAY 3 Updates

Starbreeze AB ( ($SE:STAR.B) ) has provided an announcement.

Starbreeze reported fourth-quarter 2025 net sales of SEK 41.1 million, down year-on-year, as PAYDAY 3 and third-party publishing revenues declined but work-for-hire income rose sharply. The quarter swung to an EBITDA loss and a pre-tax loss of SEK 61.9 million, while full-year 2025 net sales climbed to SEK 221 million, driven by PAYDAY 2, PAYDAY 3 and expanding work-for-hire, yet heavy depreciation and a major impairment on the Baxter project pushed the annual pre-tax loss to SEK 402.7 million and reduced cash to SEK 102.6 million.

Operationally, Starbreeze continued to support PAYDAY 3 with free updates and post-launch content, including the release of the Skills 2.0 overhaul and the Shopping Spree DLC with gameplay improvements and bug fixes. The ongoing investment in PAYDAY 3 live operations highlights the company’s strategy to sustain engagement and revenue from its flagship franchise, even as profitability is pressured by write-downs and a transition toward a broader service and work-for-hire model.

The most recent analyst rating on ($SE:STAR.B) stock is a Hold with a SEK0.09 price target. To see the full list of analyst forecasts on Starbreeze AB stock, see the SE:STAR.B Stock Forecast page.

More about Starbreeze AB

Starbreeze AB is a Swedish video game developer and publisher best known for its co-operative heist franchise PAYDAY. The company generates revenue from its own titles, notably PAYDAY 2 and PAYDAY 3, as well as third-party publishing and work-for-hire development services, reflecting a diversified focus within the global games industry.

Average Trading Volume: 2,130,057

Technical Sentiment Signal: Sell

Current Market Cap: SEK163.8M

See more data about STAR.B stock on TipRanks’ Stock Analysis page.