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IO Interactive is making major changes to its Hitman franchise with the new Freelancer Mode and Hitman World of Assassination. However, in its recent annual report for the fiscal year 2021/2022 ending March 31, the company has made great strides.
As DarkDetective reported on the Install Base forum, Hitman 3 exceeded expectations during its first year. On Twitter, he revealed that the game had a budget of around DKK 155 million (roughly $22.5 million) and continued to sell well in its second year with releases on Steam and Game Pass. Revenue was better than expected thanks to the Game Pass deal.
Revenue in fiscal 2023 is expected to fall between DKK 450 million and DKK 500 million (USD 65.5 million to USD 72.8 million) and pre-tax profit is expected to fall between DKK 250 and 300 million (USD 36.4 and 43. US$6 million). IO Interactive management expects revenue and profit to fall in fiscal 2024 and 2025 due to lack of releases. This is in line with previous claims that Project 007 and its unannounced project (rumored to be Project Dragon, an Xbox fantasy RPG) will not be released until at least April 2025.
The developer plans to diversify its lineup into new platforms such as mobile and look for opportunities to publish games from other studios.
Meanwhile, Hitman World of Assassin and Freelancer launch on January 26th.
