More precisely fiscal (year) 24 and 25 estimates show a significant decrease. This is due to long production phases ahead, before the next releases hit the market. “There is a risk the next couple of calendar years, the EBITDA (Editor’s note: that’s Earnings Before Interest, Taxes, Depreciation, and Amortization) and profits will drop. “We had a couple of years with solid revenue and profits, due to the launch of a title,” said IO’s earnings notes regarding its fiscal outlook. However, with no new games to launch in the near future, IO is preparing for a lean couple of years ahead. We do have some concrete details about the release, though, including the fact that it will release on day one on Xbox Game Pass, so Game Pass members will be able to play it for free. “ Hitman 3 overperformed the first year against the initial sales budget and performs well in Year 2 with the release on Steam.” Hitman 3 also launched on Game Pass, along with the first two games in the recent trilogy, which has also provided a lift in IO’s fortunes. There’s no release date set for GoldenEye 007 at the moment, other than a vague coming soon. “IO Interactive’s main source of revenue is still Hitman 3 released back in 2021,” read its earnings notes. Project 007 scheduled after March 2025? /JlnZ5J4kyJĪs DD correctly points out, with predicted revenue somewhere in the region of $AU95 million, IO’s fiscal year looks to be tracking quite well.
Revenue came in at DKK 538m (~$72.4m), +7% YoY, more than 2x management expectations. IO Interactive has published its Annual Report 2021/22 (year ending 31st March 2022). Industry analyst and serial Tweeter DarkDetective was pouring through IO’s recent quarterly earnings and noticed several indicators that point to Project 007 still being years away. IO Interactive’s Project 007, the studio’s upcoming game based on the James Bond license, could still be a long way off.
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