Carbon Studio Summarizes Q1 and Develops Strategic Projects

The first quarter of 2025 was a period of intensive development activity for Carbon Studio, despite a revenue decline due to the lack of new game releases. The company focused on promoting existing titles, developing innovative projects, and building long-term value through diversification and cost optimization.

Carbon Studio closed Q1 2025 with a net loss of PLN 770.7 thousand, with sales revenue amounting to PLN 679.6 thousand. Despite a year-over-year decline (22.5%), the company maintained a positive EBITDA (PLN 537.9 thousand), indicating operational stability. The main revenue sources came from monetizing flagship games such as Hunt Together, which continues to attract strong interest thanks to its inclusion in the Meta Quest+ program and the recent implementation of a single-player mode.

Carbon Studio continued to promote its portfolio titles on platforms such as Meta and Steam, extending their life cycles and maintaining visibility across distribution channels. These efforts included titles from The Wizards series, Crimen - Mercenary Tales, and Warhammer: Tempestfall.
"We are actively developing our new projects while continuing to support our flagship titles," commented Aleksander Caban, Member of the Management Board.

In agreement with Kepler Interactive, the company decided to discontinue work on porting a game to a VR platform, as previously reported in current report ESPI No. 1/2025 dated March 18, 2025. This decision followed a strategic analysis of development goals and priorities. The company chose to focus its available resources and team expertise on delivering its own publishing projects, which hold greater growth potential and, in the long term, can lead to significant revenue increases and added value for shareholders.

A key strategic milestone was the launch of the MAGOS project-an innovative VR graphics optimization system funded by EU funds (FENG). This project aligns with Carbon Studio's strategy of developing AI and automation technologies in the video game sector. At the same time, the company is preparing two new game demos aimed at attracting publishing partners from both Poland and international markets.

"Despite seasonal slowdown and no new game launches, we maintained operational stability and continue to execute our long-term strategy. We are investing in innovation and portfolio development, and the effects of cost optimization are becoming increasingly visible. We expect the coming quarters to positively impact our financial results," commented Błażej Szaflik, CEO of Carbon Studio S.A.

Link to full report Q1 2025:
https://carbonstudio.pl/wp-content/uploads/2025/05/Carbon-Studio-Report-Q1-2025-EN.pdf

ul. Brzozowa 30/7 | 41-506 Chorzów | Poland
Aleksander Caban - Board Member
contact@carbonstudio.pl

Carbon Studio S.A. is a Polish (publicly noted on New Connect Stock Exchange Market) game development company specializing in Virtual Reality (VR), PC/console games, and AI-powered tools for game production. Founded in 2015, the studio gained international recognition with its best-selling VR title The Wizards, which has sold over 500,000 copies. With a strong track record in innovation, Carbon Studio develops proprietary IPs, immersive experiences, and advanced development technologies.

This release was published on openPR.