CipSoft Satisfied with 2024 Despite Decline in Sales and Profits

Despite a 3.2% drop in sales and a 15.2% decline in profits, CipSoft is more than satisfied with the way 2024 turned out. This is due in part to the company’s high profit margin, but also to its long-term development, which continues to trend strongly upwards.

In essence, CipSoft’s performance mirrored that of the German games market overall or even exceeded it. While CipSoft reported a 3.2% drop in sales, the German games market as a whole saw a decline of around 6% in 2024.

In any case, the revenue trajectory of the Regensburg-based studio remains clearly positive. Compared to the pre-pandemic year 2019, CipSoft increased its revenue by over 57% to 23.76 million euros. Over the same period, the number of employees rose from 94 to 103.

From this perspective, the drop in sales from 2023 to 2024 is far from dramatic. The same applies to profits, which fell more sharply from 14.5 million euros in 2023 to 12.3 million euros in 2024. For CipSoft employees, the continued strong performance translates into a bonus equivalent to nearly eight additional monthly salaries, as announced today at the launch of the new business segment Multipayer.

Even with the decline in revenue and profits, CipSoft continues to operate with a profit margin of over 50%, a figure that remains highly unusual in the games industry.

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