“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. “ 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. “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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