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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Starbreeze
Starbreeze (STAR) investor relations material
Starbreeze Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary20 Aug, 2026
Executive summary
Net sales for Q2 2026 were SEK 25.6 million, down 52.5% year-over-year, mainly due to the wind-down of third-party publishing and work-for-hire activities.
PAYDAY 2 sales grew to SEK 13.7 million (from SEK 8.0 million), while PAYDAY 3 sales declined to SEK 11.0 million (from SEK 17.7 million).
EBITDA remained positive at SEK 3.4 million, reflecting strong cost control despite lower revenues.
Player sentiment for PAYDAY 3 improved significantly, with recent Steam reviews turning Mostly Positive.
Financial highlights
Q2 2026 net sales: SEK 25.6 million (Q2 2025: SEK 53.8 million); H1 2026: SEK 52.1 million (H1 2025: SEK 121.5 million).
EBITDA Q2 2026: SEK 3.4 million (Q2 2025: SEK 5.9 million); H1 2026: SEK -0.2 million (H1 2025: SEK 21.6 million).
Profit/loss before tax Q2 2026: SEK -36.8 million (Q2 2025: SEK -25.4 million); H1 2026: SEK -93.0 million (H1 2025: SEK -54.9 million).
Cash flow from operating activities Q2 2026: SEK 6.6 million (Q2 2025: SEK 39.2 million); H1 2026: SEK 8.6 million (H1 2025: SEK 27.4 million).
Cash and cash equivalents at period end: SEK 52.1 million (Q2 2025: SEK 156.4 million).
Outlook and guidance
Management remains focused on cost control and incremental revenue growth across the PAYDAY franchise to return to sustained profitability.
Continued monthly content updates and platform expansion are expected to drive player engagement and revenue.
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Latest events from Starbreeze
- Full-year sales rose 18.9% but profit margins and cash declined amid major impairments.STAR
Q4 2025 - Net sales declined significantly, but franchise expansion and cost controls are in focus.STARQ1 2026
- PAYDAY focus and major impairment drive quarterly loss despite strong sales growth.STARQ3 2025
- Net sales up 33.8% as PAYDAY focus, work-for-hire, and full franchise rights drive growth.STARQ2 2025
- Revenue and profit dropped sharply year-over-year, but cash and new projects support future growth.STARQ3 2024
- Q2 sales fell 7%, but PAYDAY 3 and publishing drove H1 growth and cash remains strong.STARQ2 2024
- Q1 sales up 19.5%, PAYDAY 3 rights regained, and new launches planned despite margin drop.STARQ1 2025
- Revenue and profit fell post-PAYDAY 3 launch, but diversification and cash reserves remain strong.STARQ4 2024
Next Starbreeze earnings date
Q3 202612 Nov, 2026
Starbreeze
Next Starbreeze earnings date
Q3 202612 Nov, 2026
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Frequently asked questions
Starbreeze AB engages in the development, production, publishing, and marketing of entertainment products. It operates through the following business segments: Starbreeze Games, Publishing, VR Tech & Operations, and Other/Eliminations. The Starbreeze Games segment focuses on development and self-publishing of premium games for digital distribution through digital platforms. The Publishing segment provides games for publishing for premium PC games. The VR Tech & Operations segment consists of virtual reality activities through events and sales of technical solutions. The company was founded by Mikael Nermund Nermark on June 12, 1998 and is headquartered in Stockholm, Sweden.