Polish horror masters have conditioned investors to high emotions, not just on the computer screen (or TV and console, as some prefer).
Bloober Team on the investment bend, or silence before the horror
Unfortunately, in the first quarter of 2026, market players experienced real emotions related to the company’s financial situation.
Consolidated sales revenue closed at 28.1 million PLN, a slight decline from 28.9 million PLN a year earlier. The real sting is much lower. Instead of an operating profit of 5.75 million PLN, Bloober Team recorded an operating loss of 1.84 million PLN. Ultimately, the group’s consolidated net result ended in a loss of 1.29 million PLN, while a year ago (in the same period) the company boasted a net profit of 4.7 million PLN.
Is this a real reason to panic? Definitely not. The gaming industry is a highly cyclical business, and the studio is currently in a classic production phase. A look at cash flows reveals that the negative result is a direct result of investment activity, for which net outflows totaled 15.76 million PLN.
Bloober Team is simply loading up on new global productions. Importantly, the company’s financial cushion remains very stable – cash at the end of March was 27.77 million PLN, a significant increase from 21.73 million PLN a year earlier.
It’s worth noting that investors were very optimistic about the report from the creators of Chronos: The New Dawn, as the company’s shares rose by +2.75% at market close on May 26, ultimately reaching 26.15 PLN.
Chart. Bloober Team share price.
Source: TradingView
See also: CD Projekt shares disappoint investors? Big expectations and a cold shower. The market still counts on Witcher 3 DLC.
Huuuge Games and the clever plan to bypass giant commissions
A completely different story is offered to investors by Huuuge Games. The global free‑to‑play developer proves that lower turnover can bring powerful efficiency gains if you cleverly cut out intermediaries. The company’s revenue in Q1 2026 fell 9.4% year‑over‑year, settling at 56.5 million USD. However, what happened to operating profitability deserves recognition from Wall Street wolves.
Huuuge achieved a record adjusted EBITDA margin of 43%, and cash balance rose to an impressive 119.5 million USD.
How did they do it? The key to success turned out to be the Huuuge Pay platform and the expansion of the Direct‑to‑Consumer (DTC) channel. Instead of handing over the traditional 30% to Apple or Google stores, the company effectively redirected users to its own online store.
In Q1 2026, the DTC channel accounted for a record 41.2% of total revenue, and the latest April data show further growth to about 42%. It’s a very clever way to improve margins without costly expansion of the player base.
Despite strong results, at market close on May 27 the price of Huuuge Games shares fell by 0.46%, landing at 21.70 PLN.
Chart. Huuuge Games share price.
Source: TradingView
See also: Bloober Team and 11 bit studios shares go wild. Digital Dragons awards given. The market rewards winners?
Stock market tremor before CD Projekt Red’s big day
While smaller representatives of the Warsaw market discovered cards, the chart of the biggest Polish gaming hegemon shows classic nervousness. CD Projekt shares fell by 1.49% to 252 PLN. This is accompanied by the typical investor reaction, preferring to lock in gains and clear positions before the official release of the 1Q’26 financial report tomorrow.
It’s worth noting that tomorrow’s day will bring entertainment fans a huge dose of emotion and nostalgia, as Redzi announced a special stream for the 10th anniversary of the classic add‑on “Blood and Wine” for Witcher 3.
For players it will be a sentimental journey to fairy‑tale Toussaint, and for shareholders a reminder of the power of owned brands. The gaming industry, of course, speculates that tomorrow we may also learn details of an unannounced, mysterious DLC for Witcher 3. If that actually happens, Red’s share price will surely turn green.
Chart. CD Projekt share price.
Source: TradingView
See also: Stock: CD Projekt shares await newness. Today’s Witcher 3 anniversary! What does CDR hide?
Source: StockWatch
