Starbreeze is reviewing costs and focusing on core business
STOCKHOLM (23 November 2018) – The positive EBITDA target stands for Q4 2018, but not for the full year 2019. The board of directors has given management a mandate to review the cost of operations, and a program to reduce costs and sharpen focus on core business has been initiated. A license fee of USD 10 million from 505 Games for the console version of Overkill’s The Walking Dead will not be recognized as revenue until after the end of the current quarter, which will have negative impact on Starbreeze’s earnings in the fourth quarter. “We will not be able to recognize the license