Stillfront loses second CEO in under two years as roll-up strategy unwinds
Summary
Stillfront Group owner announces CEO Alexis Bonte's exit 15 months after permanent appointment
Q1 2026 net revenue fell 14% YoY to SEK 1.3B (~$143.9M), with DAU and MAU both declining
Exit follows a board reshuffle, three-way divisional restructure, and divestment of the narrative game portfolio
"Alexis stepped into the CEO role at a challenging time and has led the company through a decisive period of strategic and organisational change"
01
Two CEO exits in 20 months signal governance instability, not routine succession
Jörgen Larsson exited October 2024; Bonte confirmed permanent March 2025; now departing mid-2026
March 2026 EGM replaced three board directors alongside the executive turnover
Bonte co-founded eRepublik Labs in 2017, later served as Group COO before CEO
Successor search underway with no named candidates or timeline disclosed
02
Declining KPIs frame the exit as damage control
Q1 2026 net revenue fell 14% YoY to SEK 1.3B (~$143.9M)
Europe and North America divisions both underperformed
DAU and MAU declines point to portfolio-wide retention pressure, not a revenue mix issue
Three-division restructure (Europe, North America, MENA/APAC) has not reversed the trajectory
03
Divestments and restructure point to active roll-up unwinding
Narrative game portfolio sold; broader restructure completed months before Bonte's exit
Remaining assets include Goodgame Studios, Jawaker, BitLife, Albion Online, Sandbox Interactive
Distressed metrics plus leadership vacuum create a defined window for rival acquirers to evaluate studio assets
Events
Companies
Games
Locations
—
COMPILED BY GAMES ATLAS EDITORIAL
RELATED ARTICLES
EXPLORE MORE
Microsoft spin-off plan forces Xbox studio divestments as $500M revenue gap reshapes the portfolioStillfront Gameberry settlement 2026: $28.6m twin exit trades future revenue for immediate deleveragingSupermassive Games CEO Robert Henrysson exits with no successor named, third leadership change in two yearscompetitive landscape map
Comments (0)
No comments yet. Be the first to share your thoughts!