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11B GPW sWIG80 Periodic report · PAP Biznes

11 bit studios SA (11B) · Q2 2026 results

Share price: 113.30 zł · 2026-11-10

Results Q2 2026 vs Q2 2024 · year over year · published 26 Aug 2026 and 27 Aug 2024

Net income turned to a profit from a loss a year earlier. The language turned more upbeat.

Only a basic analysis is available for this company at the moment.

1 · Numbers

Turned profit

Net income vs Q2 2024

Net income 1.8M vs -477.8K

Revenue −17.9%

2 · How the report reads

More upbeat

Language tone vs last period

Report language: very upbeat for a company report — more upbeat than in Q2 2024.

Weak signal: formal report language, not a call.

3 · What stood out

11 bit studios SA's revenue was supplemented by the sale of games created by third-party developers for which the Company provided publishing services.

Official channels

The company's own website and social media accounts.

Read between the lines

No major shifts flagged this period.

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q2 2024.

Report language Very upbeat (was restrained)

Very upbeat for a company report — more upbeat than in Q2 2024. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“The Company's strategic goal for the coming years is to increase the scale of operations by continuing to build a diversified portfolio of high-quality computer games and developing publishing activities.”
“Publishing activities allow for: ■ increasing the scale of operations without a proportional increase in the team, ■ diversifying revenue sources, ■ developing and strengthening the global 11 bit studios brand, ■ increasing the frequency of releases, ■ utilizing...”
“Every change in regulatory norms will cause problems, particularly those related to interpretational doubts regarding the new regulations, which creates a risk of inconsistencies in the practice of public authorities, including the judiciary.”

Full figures

PLN · PAP Biznes report (2026-08-26)

Metric Q2 2026 Q2 2024 Change
Revenue 25.3M 30.8M −17.9%
EBITDA — -2.4M
Operating income 1.2M -5.4M Turned profit
Net income 1.8M -477.8K Turned profit
EPS 0.74 -0.20 Turned profit
P/E today 41.8 46.0 2818.2 −2772.2

Topics

Topics are drawn from the full report text, not management commentary.

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Faded since Q2 2024

  • Fading As of June 30, 2024, the value of the second sale of "Thaumaturge" within six months of the tranche, according to the new estimate
  • Fading If the financial goals are not fully met, the Series H shares will be reduced by 1%, provided that the realized pool of shares offered…
  • Fading Risk associated with the growing popularity of portals and the training of new personnel by the Company.
  • Fading Applicable foreign law, to the extent that the Company's knowledge to diagnose it may also be a risk, is limited.

Latest announcements

Official filings, newest first.

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