Warhorse Studios — Cyborg Score 8/10

Strong
Video Game Development Studios

Strategic Profile

The studio is known for historically grounded action role-playing franchises set in medieval Europe. Recent success with Kingdom Come: Deliverance II has elevated Warhorse into the upper tier of European game developers, with the sequel selling more than five million copies within its first year and earning a BAFTA Games Award for narrative.

Cyborg Score Rationale

Kingdom Come: Deliverance II sold one million units in a single day upon release in February 2025, and reached 4 million units sold by November 2025. The studio announced simultaneous development of two major open-world RPGs in May 2026: a new Kingdom Come Adventure and a Middle-earth Lord of the Rings game.

Top Insights

  • Kingdom Come: Deliverance II demonstrated blockbuster sales velocity, moving 1M units in one day and reaching 4M+ by late 2025, validating historical RPG market demand
  • Founder Dan Vávra stepped away from day-to-day operations in early 2026 to focus on Kingdom Come film adaptation, with new leadership in place
  • Middle-earth RPG project announced in May 2026 carries estimated $100M budget, representing dramatic scale increase beyond previous productions
  • Studio grown to approximately 250 employees as of April 2024, underlining operational capacity for large-scale concurrent projects

Named Competitors

  • The Witcher — Narrative-driven dark fantasy RPG with character-driven storytelling
  • Baldur's Gate 3 — Deep RPG with branching narrative and cooperative multiplayer
  • Elden Ring — Open-world action RPG with environmental storytelling and challenging combat mechanics
  • Fable — Open-world fantasy RPG reboot with lifelike NPC systems and player-driven consequences

Recent Developments

  • (May 2026) Announced dual major projects: new Kingdom Come: Deliverance adventure and open-world Lord of the Rings RPG
  • (February 2025) Kingdom Come: Deliverance II released, selling 1M units in first day and earning BAFTA Games Award for narrative
  • (Early 2026) Founder Dan Vávra transitioned to film adaptation role; leadership transferred to Prokop Jirsa and Viktor Bocan
  • (November 2025) Kingdom Come: Deliverance II reached 4M units sold milestone

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