Life Is Strange and Banishers: Ghosts of New Eden developer Don't Nod has released its financial summary for the first half of 2024, and it paints a pretty gloomy picture for the French studio.
In a press release summarizing the studio's year so far, Don't Nod says its revenue has declined 11% when compared to the same period last year, citing the performance of 2024 releases Jusant and the aforementioned Banishers, which the studio says "performed well below expectations".
Don't Nod says that an increase in sales over last year is "mainly driven by the back catalog", citing Vampyr and the license for Life Is Strange in particular, so just like Team17, Don't Nod isn't having much luck with newer releases.
The studio also says that its revenues won't cover its operating expenses, which means it expects to post a loss of around €1 million for the first half of the year.
In response to its disappointing financial performance, Don't Nod says it's focusing its efforts on the games "offering the highest potential return on investment in the short (and medium) term".
To wit, this involves seeking "discussions" with "industry leaders to secure economic benefits" for the upcoming Lost Records:...
