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IO Interactive reports record-breaking year driven by Hitman 3

Studio generated $78 million in profit, a 136% increase on the previous year

Hitman developer IO Interactive has released its annual report for 2020/21, reporting record-breaking profits during the last fiscal year.

For the year ending March 31 2021, the company reported revenues of DKK 502 million ($78 million), a 136% increase on the DKK 212.8 million ($33 million) made the year prior.

As part of that, the studio made a profit of DKK 270.6 million ($42 million), compared to a profit of DKK 11.5 million ($1.8 million) during the same period in 2020.

The uptick in profit was largely driven by the release of Hitman 3 in January 2021, which earned 300% of the game's initial sales budget-- something the studio told GamesIndustry.biz earlier this year.

IO currently has several projects in development, including live content to be added to Hitman 3, and Project 007, a new James Bond game. The studio also has one other unannounced title in the works.

Looking ahead, IO expects revenues for FY2022 to land somewhere between DKK 200 million ($31 million) and DKK 250 million ($38 million).

Earlier this week, the game of the year release of the Hitman, released in 2016, was removed from online marketplace GOG due to online requirements.

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Danielle Partis

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Danielle is a multi award-winning journalist and editor that joined GamesIndustry.biz in 2021. She previously served as editor at PocketGamer.biz, and is also a co-founder of games outlet Overlode.

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