A year ago, Techland reported high revenues and a net profit of $189 million. But the 2023 result is much worse.
In 2023, Techland suffered the biggest losses in the company’s history. Techland’s revenue fell from $308 million to $57.9 million in 2023. The company concluded all of 2023 with an operating loss of $22.7 million.
However, the company’s management views the situation positively, stating that these are merely temporary difficulties associated with investments in new projects. Cumulative expenses on Techland’s new project, a major open-world fantasy role-playing game, have already amounted to around $24.4 million. The company stated that the goal — is to create an original game with new gameplay elements.
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Cover author: Techland. Cover source: Forsal