11 bit studios Second Quarter 2024 Earnings: EPS: zł0.46 (vs zł1.17 in 2Q 2023)

11 bit studios (WSE:11B) Second Quarter 2024 Results

Key Financial Results

• Revenue: zł15.4m (up 54% from 2Q 2023).
• Net income: zł1.13m (down 27% from 2Q 2023).
• Profit margin: 7.3% (down from 16% in 2Q 2023).
• EPS: zł0.46 (down from zł1.17 in 2Q 2023).

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

11 bit studios Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in Poland.

Performance of the Polish Entertainment industry.

The company's shares are down 1.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of 11 bit studios' balance sheet and an in-depth analysis of the company's financial position.

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