Starbreeze Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Starbreeze (STO:STAR B) Full Year 2023 Results

Key Financial Results

• Revenue: kr633.5m (up 397% from FY 2022).
• Net income: kr207.6m (up from kr59.8m loss in FY 2022).
• Profit margin: 33% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: kr0.19 (up from kr0.083 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Starbreeze Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Entertainment industry in Sweden are expected to grow by 4.0%.

Performance of the Swedish Entertainment industry.

The company's shares are down 9.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Starbreeze has 5 warning signs (and 3 which make us uncomfortable) we think you should know about.

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