Enad Global 7 aka EG7, the company that owns Daybreak, Standing Stone Games, and Piranha Games and is effectively still being run by Daybreak leadership, had a very good quarter at the top of 2023.
The company reports that its Q1 revenues soared to $54M US, a 43% jump over Q1 2022 once the Innova sale is excised from the accounting. A significant portion of those revenues can be laid at the feet of Big Blue Bubble’s My Singing Monsters, which captured my kids’ attention for one whole day. EG7 also says Piranha’s Mechwarrior franchise drove that studio to its “best quarter ever,” owning largely to MechWarrior 5’s latest DLC.
But of course, it’s the MMORPGs we care about here, and Daybreak’s still doing quite well. “Daybreak’s stable business of live games continue to delivered [sic],” EG7 says. Daybreak (and SSG) brought in 42% of the gaming-related revenues for the company in Q1 ($19M US). That’s down about 5% for Daybreak by itself compared to Q1 2022.
“Notable highlights during the quarter for Game Segment included Daybreak’s EverQuest celebrating its 24-year anniversary and DC Universe Online reaching its 12-year mark,” says Acting CEO Ji Ham. “Next year will be a huge milestone with EverQuest hitting a quarter-century mark and EverQuest 2 turning 20.” (PlanetSide also turns 20 years old this week as celebrated in PS2 but is not mentioned. Lord of the Rings Online is not expressly mentioned in the reports beyond the reference to the franchise, but of course it’s also expecting an expansion later this year.)
“Daybreak has been the biggest contributor to Net Revenue and profitability historically but with My Singing Monsters’ elevated performance, Daybreak results came in second behind Big Blue Bubble this quarter.”
It’s weird to think of Daybreak positively, but here we are.
• EG7 Q1 2024: Daybreak still mum on PlanetSide 2, new H1Z1 game hires lead designer
• EG7’s 2023 annual report claims Daybreak and SSG collectively count 264 staffers
• EG7 transfers PlanetSide 2 development from Daybreak to Toadman, posts 2024 roadmap
• It looks like the ‘noncore IP’ Daybreak sold for $5.9M is PlanetSide after all
• EG7 Q4 2023: DCUO’s delayed latest-gen console launch hurt Daybreak’s revenues last quarter
• Daybreak’s DC Universe Online studio Dimensional Ink is the latest games team hit with layoffs
• EG7 Q3 2023: Daybreak’s MMO revenues dip ahead of Q4 expansion deluge
• EG7 and Daybreak: DCUO’s volatility, EverQuest’s stability, Cold Iron’s new game, LOTRO’s canceled remaster
• EG7 hopes to develop a new EverQuest MMORPG (EverQuest 3?) for 2028 after years of rumors
• EG7 Q2 2023: Daybreak’s MMORPGs are ‘predictably stable’
• EG7 Q1 2023: EG7 pulled in a record $54M last quarter, and Daybreak is a huge chunk of it
• EG7 Q4 2022: Revenues are up thanks to mobile as LOTRO sees ‘mainstream resurgence’
• EG7 Q3 2022: LOTRO’s monthly active players are up 11% compared to last year
• EG7 Q2 2022: Daybreak’s Jason Epstein is now chairman of the board
• EG7 Q1 2022 financials: EG7 has canceled Daybreak’s Marvel MMORPG
• Daybreak’s EG7 intends to sell Innova subsidiary and relocate Toadman Interactive studio in a pull-out from Russia
• EG7 Q4 2021: EG7 and Daybreak post huge revenues, bank future on MTGO, LOTRO
• Lord of the Rings gaming rights are going up for sale – what will this mean for LOTRO?
• Daybreak assumes publisher role on Wizards of the Coast’s Magic: The Gathering Online
• LOTRO Legendarium: OK, let’s talk about Lord of the Rings Online on console
• EG7 Q3 2021: Daybreak revives Marvel MMORPG, still promising console and gfx upgrade for LOTRO
• EG7’s acting CEO Ji Ham discusses investment in existing Daybreak games and support of a ‘AAA project’
• EG7 Q2 2021: What the heck is going on at EG7 and Daybreak and who the heck owns Cold Iron
• Daybreak CEO Ji Ham takes over as Enad Global 7’s acting CEO
• EG7 Q1 2021: The Daybreak MMOs are headed to the 4Game platform
• EG7 addresses the Daybreak buyout, says EG7 is ‘evaluating’ H1Z1 and Just Survive
• Daybreak’s owner Enad Global 7 acquires MMORPG publisher Innova for $109M
• Daybreak’s $300M sale to EG7 is all wrapped up just in time for Christmas
• Console LOTRO and DCUO’s huge playerbase: Everything we just learned about Daybreak thanks to EG7
• Daybreak has been sold – again – this time to EG7 Global for $300M