Starbreeze announced yesterday a work-for-hire agreement with KRAFTON Inc, the South Korean gaming giant behind the global hit PUBG: Battlegrounds. We view this agreement as a good strategic fit as Starbreeze takes no financial risks, retains full ownership of the PAYDAY IP, and gains increased visibility and reach by introducing the PAYDAY gameplay experience to one of the world’s most popular games.

PAYDAY 3 har genomgått anmärkningsvärda förbättringar men trots framsteg är spelaraktiviteten fortsatt dämpad skriver analytiker Christoffer i sin analys om Starbreeze efter deras rapport för det tredje kvartalet. Hör Christoffer summera Q3 rapporten, hans tankar om kommunikationen från Starbreeze angående framtiden för PAYDAY 3 samt senaste nytt kring project Baxter.

Following Starbreeze's Q3 report, we took the opportunity to interview the company's acting CEO and CFO, Mats Juhl, to gain deeper insights into the latest results. Mats shares his thoughts on the activity around PAYDAY 3, the upcoming Project Baxter, Roboquest, and key areas to watch in the coming quarters.

Despite a recent drop in the share price, we don’t see any rush into the stock yet. A PD3 turnaround appears increasingly improbable, and short-term catalysts are limited.

Starbreeze’s Q3 revenues and adjusted EBIT aligned with our expectations. The company highlighted its ability to significantly reduce investment levels for PD3 heading into its second year, partly due to the phase-out of Operation Medic Bag (“OMB”).