Don’t Nod Entertainment: 2022 Business in Review

• Operating income increased by 12.5% ​​to EUR 30 million, driven by a strong 42% increase in capitalized production to EUR 23 million, representing the creation of eight internal and external IPs
• Two promising releases for 2023: Harmony: The Fall of June’s Fantasy and Year’s End Banishers: Ghosts of New Eden
• Prepare for the next mid-term growth cycle and post-2025 to leverage action role-playing games, a proven segment with strong sales potential

Paris, March 30, 2023 – DON’T NOD, an independent studio that creates, develops and publishes video games, today announced its operating income for the 2022 fiscal year.

Controlled Development Acceleration

In fiscal year 2022, DON’T NOD posted operating income of €30 million, an increase of 12.5% ​​from €26.7 million in 2021. This performance was driven by:

• Capitalized production increased by 42% to EUR 23 million, reflecting a strong 2022-2025 lineup comprising eight games in development,
• Development revenue grew 28.3%, driven by Banishers: Ghosts of New Eden, a partnership with Focus Entertainment, scheduled for release in late 2023,
• Sales from Gerda: A Flame in Winter and previous catalogs total €900,000 in 2022, including challenging base effects between 2021 and 2022 (Twin Mirror guaranteed minimum amount).

Bold 2023-2025 release cycle

After two consecutive years of focusing on capex, international rollout and implementing its integrated developer-publisher model, DON’T NOD will start in 2023 with plans to release two new games in this fiscal year: Harmony: The Fall of Reverie , a self-published game in partnership with Focus Entertainment, and Banishers: Ghosts of New Eden.

Meanwhile, DON’T NOD is continuing to develop upcoming projects in its rich 2023-2025 pipeline, which includes six IP projects, four of which are internally developed and two externally developed (Studio Tolima and Tiny Bull Studios).

DON’T NOD confirms its post-2025 growth strategy, focusing on:

• Increased production capacity for action role-playing games, a proven market segment with strong sales potential. With successful assets already in its portfolio (Vampyr) and new IP titles (Banishers), DON’T NOD is internally developing a new game (Project 12) that will drive value creation;
• Accelerate high-level talent acquisition to expand in-house expertise in Marketing and Publishing, while pursuing distribution partnerships to secure revenue.

Next release: Annual results 2022, Monday 17 April 2023 (after the close of Euronext Paris).

about not nodding

DON’T NOD is an independent French publisher and developer based in Paris and Montreal, creating originals in the adventure (LIFE is STRANGETM, TELL ME WHYTM, TWIN MIRRORTM), RPG (VAMPYRTM) and action (REMEMBER METM) genres Narrative Games. The studio is known internationally for unique storytelling experiences with compelling stories and characters, and has partnered with industry-leading publishers Square Enix, Microsoft, Bandai Namco Entertainment, Focus Entertainment and Capcom. DON’T NOD creates and publishes its own internally developed IP and uses its knowledge and experience to collaborate with third-party developers whose editorial vision is similar to the company’s own.

Step into the immersive creative world of the studio dont-nod.com

DON’T NOD (ISIN code: FR0013331212 – ALDNE) listed on Euronext Growth Paris

[1] Costs a game in development incurs before launch

[2] Revenue + capitalized production

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