Starbreeze's six-month earnings rise

Sweden-based Chronicles of Riddick developer sees revenues climb to $4.69M during July-December period.

Starbreeze Studios has been relatively quiet since 2007's well-received release of The Darkness for the Xbox 360 and PlayStation 3. However, the Swedish studio is gearing up for a busy 2009, thanks to the April launch of the Atari-published Chronicles of Riddick: Assault on Dark Athena. The game maker is also at work on two titles for Electronic Arts, one operating under the codename Project RedLime and the other based on Robert Ludlum's Jason Bourne novels.

Even without a major game release, Starbreeze is successfully managing its finances. In reporting its first-half financial results this week, the independent developer said revenues rose to 41 million Swedish Kroner (SEK) ($4.69 million), up from SEK27.5 million ($3.14 million) for the same July-December period in 2007. Profits for the period saw a similarly noteworthy climbing, rising to SEK7.2 million ($824,000) from SEK3.1 million ($355,000) a year ago.

"Our recently completed second quarter of 2008/2009 was very strong," commented Starbreeze CEO Johan Kristiansson in a statement." Kristiansson also expressed optimism over the future prospects of Assault on Dark Athena, saying, "So far we are satisfied with the advance publicity this work has given. The next important step is now that Atari will be able to convince the world's great game store chains to place large orders to the release date."

Kristiansson was also keen on calling out his studio's partnership with EA. "It feels like a very good rating for our work that EA, the world's leading game publisher, wants to start another project of this dignity with Starbreeze." In anticipation of those titles' releases, Starbreeze also noted in its financial report that it has increased headcount during the six-month period from 86 to 93.

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Discussion

32 comments
Jettero-Heller
Jettero-Heller

Awesome. I liked the first Riddick and just completed The Darkness, which is one of the coolest games I have played in a loooong time. I look forward to more from these cats in the future; especially Dark Athena.

Hedfix
Hedfix

Atari have stopped firing out unlicenced average titles and are now targeting things that will actually sell. What took so long?

TWiSTEDmerc
TWiSTEDmerc

Everywhere I look, I see Atari putting their name on more and more games, but they are all good games. And to think that just 2 years ago, how little hope Atari had, the game also looks like it will satisfy fans hopes.

burn6
burn6

escape from butcher bay was a very nice game. i hope the follow up go through.

maverick_76
maverick_76

It seems that these guys know how to spend and save, looking good guys, I can't wait for the Dark Athena game.

Sandrock323
Sandrock323

@ JackBurton You get Butcher Bay with it too. So, it can only be better considering you get multiplayer and a new story arch with it.

JackBurton
JackBurton

Can't wait for Athena! I hope it's as good as Butcher Bay. :)

shawn7324
shawn7324

Kill The Furion, Kill The Furion, Kill the Riddick!!! Finally some good news, can't wait to play Dark Athena.

jrabbit99
jrabbit99

I can't wait for assault on dark athena

brkr12002
brkr12002

2 game developers I pretty much buy any game that comes from them. First being Valve, then Starbreeze. They both pump out high quality games. I hope Riddick gets the sales #'s it deserves this go around.

Sendmn23
Sendmn23

starbreeze= quality!!! that pretty much sums up my experience with the games they have made. I will be supporting this studio with my hard earned dinero!! GO STARBREEZE!!!

akiwak
akiwak

Starbreeze has put out some of my favorite games( Metal Arms, Riddick, Darkness). I wish I could have seen them finish Starcraft Ghost. Lets hope that they continue delivering high quality games so that one day we might see S Ghost resurface....

janderdarkmoon
janderdarkmoon

Wow, a well run business model making money. Now that's the sort of professional accountability some of our American companies could learn from.

jean_borrero
jean_borrero

The Darkness is still one of my favorite 360 FPS games.

Hellboard
Hellboard

cant say they offered much to me...

necronaux
necronaux

Glad to hear someone is making money. With the release of Riddick, their future looks good.

Amir29
Amir29

I liked "The Darkness". It didn't bring much in the form of gameplay, but it's story and settings were very engrossing. I look forward to seeing what the future holds for these guys.

Hiram
Hiram

One of my favorite developers. They were the ones who beat everyone to the punch and really showed what the original XBOX could do with Riddick. Good for them.

parrot_of_adun
parrot_of_adun

Nice job Starbreeze. Wonder how the hell they managed that...

combatsoldier
combatsoldier

very nice. I like this game company and what they bring to the table on there plate. Its very fun and creative games that I enjoy. They are very indepth in story and offer great material. Keep up the good work.

lazyhoboguy
lazyhoboguy

the darkness was a pretty great game so good for starbreeze

smbius
smbius

I really like this company. Their passion shows up in the games

azizrulez
azizrulez

i really really hope they decide to make a sequel to the Darkness,i know it didnt do the best business ,but the game was a hidden gem,and im sure with the right marketing behind the game,it will do much better if its given the chance.

hush404
hush404

That's very awesome news for the team! Honestly, out of their games that I've played (Darkness, Riddick) I'm floored with their work! Can't wait for the update to Riddick and any future projects they take on!

dannyaq
dannyaq

its probaly more so they get payments from atari and EA for working on the games for them. plus i'm sure they still get residuals. you don't have to sell something to the public to make money, you can recieve payments/investments as you develop a product and the publisher gets their payoff later.

Lum_Yatsura
Lum_Yatsura

How do they profit so much when having over a year between game releases?

eagles_band
eagles_band

I know the new Riddick game will be good, The Darkness was awesome and its the same developers

Pete5506
Pete5506

lol.... What did they sell?

thunderground2
thunderground2

[This message was deleted at the request of the original poster]

thunderground2
thunderground2

I hope the new riddick game is good.. it will be