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Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Starbreeze
Starbreeze (STAR) investor relations material
Starbreeze Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Q4 2025 focused on stabilizing operations and laying groundwork for sustainable growth, with PAYDAY franchise as the main driver.
PAYDAY 2 outperformed expectations, while PAYDAY 3 maintained stable performance with ongoing updates and improvements.
Strategic emphasis on expanding PAYDAY as a platform, including collaborations with PUBG and growth on Roblox via Notoriety.
Organizational streamlining and cost discipline measures implemented, especially in work-for-hire segment.
Financial highlights
Q4 2025 net revenue: 41.1 MSEK (down from 46.4 MSEK YoY); full year 2025: 221.0 MSEK (up from 185.9 MSEK YoY).
Q4 EBITDA: -12.0 MSEK (19.7 MSEK YoY); full year EBITDA: 29.0 MSEK (97.6 MSEK YoY).
Q4 pre-tax result: -61.9 MSEK (-167.6 MSEK YoY); full year pre-tax result: -402.7 MSEK (-317.7 MSEK YoY).
Q4 EPS: -0.04 SEK (-0.11 SEK YoY); full year EPS: -0.25 SEK (-0.22 SEK YoY).
Year-end cash: 102.6 MSEK (191.9 MSEK YoY).
Outlook and guidance
2026 will focus on delivering tangible progress, with a streamlined organization and continued development of the PAYDAY franchise.
PAYDAY experience to launch in PUBG in H1 2026, aiming to expand global reach.
PAYDAY 3 revenue growth outlook
Work-for-hire business strategy
PUBG/Roblox IP expansion value
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Next Starbreeze earnings date
Q1 202612 May, 2026
Starbreeze
Next Starbreeze earnings date
Q1 202612 May, 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.
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