Arms loaded with projects, includingnod reveals its results for the year 2021

The French studio whosenod Entertainment has unveiled its financial results for the whole of 2021. An exercise without major outing but marked by the development of many self -publishing projects and supported by a large fundraising with Tencent Games.

If Dontnod can rely on its Chinese partner in weak times, turnover and net profit 2021 of the studio for the time being, the fact that Netod can no longer rely for a very long time on its games already released. That's good, whose NOD has in its boxes no less than 8 games to come over the period 2022-2025. And even if 2 of them are developed by partner studios (including Gerda: A Flame In Winter by the Danish studio Portaplay which is to be released in 2022), the 320 employees of Dontnod are therefore currently sharing no less than 6 projects between Paris and Montreal.

Results of Quatrenod

Period	Turnover	Operating result	Net profit
January 2020 - December 2020	13.5 million euros	1.5 million euros	949,000 euros
January 2021 - December 2021	10.5 million euros	- 3.5 million euros	- 3.2 million euros

Of these 6 projects, all will be self -published by Dontnod with the exception of a long -standing co -production with interactive focus. This should succeed Vampyr, which exceeded 2 million copies sold. This self -publishing strategy implies a drop in publisher fees, which increased from 9.7 million euros in 2020 to 4.7 million euros in 2021, which explains the fall in turnover. The operating result, it takes full force of a depreciation of 4.4 million euros in respect of the still immobilized development costs of Twin Mirror, which will not remain a great success.

"Associated to the fundraising of 50 million euros carried out in January 2021, the cash flows generated during the financial year made it possible to cover the investments made in 2021 (16.4 million euros), mainly Linked to developing games on self -publishing and co -production models. As of December 31, 2021, the financial structure of Dontnod thus emerges strongly reinforced with equity which amount to 85.6 million euros and an available treasury exceeding The 58.4 million euros_ ", details the balance sheet.

The optimism of Dontnod seems rather legitimate. It is only once its current projects on the market that we will know if the daring bet to bet everything (or almost) on self -publishing was the right one for this studio that will have worked with many publishers, from Capcom to Microsoft Passing through Square Enix and Focus. Depending on the studio's objectives, it will not take more than 3 or 4 years to be able to learn from this strategy.