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This video game studio raised 28 million euros for its 2022-23 fiscal year… without releasing any games!

Game News This video game studio raised 28 million euros for its 2022-23 fiscal year… without releasing any games!

Published on 08/21/2024 at 3:30 p.m.

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It is always interesting to have reassuring information on the financial state of a studio, especially when the latter has the reputation of not only producing commercial successes.

A profitable studio? Yes!

Ninja Theory, the studio behind Hellblade, has released its financial report for the fiscal year ending June 30, 2023. What emerges is that British designers are running a profitable business.which is always reassuring at a time when studios – even first-party ones – are experiencing sudden closures as we have recently seen with the disappearances of Sony London or Arkane Austin. In addition, during this financial year, Ninja Theory saw its revenue increase with a total turnover of around £24 million (around €28 million).

In the lines of the accounts, we can see that the majority of the income is classified in the category “Intercompany Recharge Income”, which means that the money comes, unsurprisingly, from products or services sold both to Microsoft and to other companies. With Ninja Theory not releasing any new games in fiscal year 2022-23, it’s a safe bet that its highly advanced motion capture studios have helped the company rake in some serious cash..

This video game studio raised 28 million euros for its 2022-23 fiscal year... without releasing any games!

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And Hellblade 2 in all this?

He is doing well! This is in any case what the studio assures, which, in a note, mentions “a successful launch” as far as he is concerned. No figures are given since the software was released in May 2024, and the data in the annual report stops at June 30, 2023. We will therefore have to wait a little longer to have an overview of the performance of this creation. In the meantime, The report states that after the successful launch of Senua’s Saga: Hellblade II, the studio continues to work on “various future projects. Among them, there should be the mysterious Project: Mara announced in 2020, and of which we have not heard anything since. At the time, the developers spoke of an experimental horror game drawing its strength from “real and grounded representations of psychic terror”. The official page of the title is still online here . If you want to delve deeper into the financial health of Ninja Theory, know that the document can be consulted here .

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