11 bit studios Third Quarter 2024 Earnings: EPS: zł19.87 (vs zł1.30 loss in 3Q 2023)

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

Key Financial Results

• Revenue: zł75.9m (up by zł66.4m from 3Q 2023).
• Net income: zł48.0m (up from zł2.66m loss in 3Q 2023).
• Profit margin: 63% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: zł19.87 (up from zł1.30 loss in 3Q 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 expected to decline by 5.5% p.a. on average during the next 3 years, while revenues in the Entertainment industry in Poland are expected to grow by 11%.

Performance of the Polish Entertainment industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with 11 bit studios, and understanding them should be part of your investment process.

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