In its recent report of its accounts up to June 30th, 2025, developer Ninja Theory has confirmed that it has been doing quite well and within expected parameters. It also revealed that its work on Senua’s Saga: Hellblade 2 Enhanced Edition and the PS5 port paid off as it resulted in an increase in the game’s Metacritic rating.
“During the financial year, Ninja Theory had a focus on the development and release of Senua’s Saga Hellblade 2: Enhanced Edition, an improved and upgraded version of Hellblade 2, which was released on all existing platforms, including PlayStation 5,” Ninja Theory explained in its report. “This was successfully released on 12th August 2025 and saw an increase in the Metacritic score for the game.”
Along with this, Ninja Theory has also confirmed that its revenue saw a 9 percent year-over-year decrease, coming in at £22.3 million, compared to 2024’s £24.5 million. This, noted the studio, is “a direct result of the intercompany arrangements and is in line with business activity.” With its operating expenses—managed by a team at Microsoft that sets annual budget allocations—having decreased by 13.36 percent year-over year down to £18.709 million, it also boasted a “strong balance sheet”, with its assets being in the positive. Overall, Ninja Theory has reported a profit of around £5 million for the year ending on June 30th, 2025.
Senua’s Saga: Hellblade 2 was originally released on PC and Xbox Series X/S all the way back in 2024. The title eventually got a PS5 release in August 2025, alongside a free upgrade to the Enhanced Edition version, which brought in many enhancements, like a 60 FPS mode for consoles, and a “very high” graphics preset for PC players. Along with this, the upgrade also brought in the Dark Rot mode from the first game, which makes the Rot further spread across Senua’s body whenever she falls.
Senua’s Saga: Hellblade 2 continues the story of Senua, where Hellblade: Senua’s Sacrifice left off. Senua’s village is raided by the Northmen, with the protagonist herself being taken to Viking Iceland as a slave. However, this was part of Senua’s plan to stop the raiders at their very source. The title was much larger in scale than its predecessor, and told an epic story that included allies and even expanded on her dealings with the Furies and the demons of her past.
Back in 2024, the studio had revealed that, even though Senua’s Saga: Hellblade 2 had been unveiled in 2019, the only part of the game that was ready at the time was its reveal trailer. Rather, proper work on the project only started in 2020, after Ninja Theory was done with its multiplayer project, Bleeding Edge.
For more details about Senua’s Saga: Hellblade 2 Enhanced Edition, take a look at our review, where we gave it a score of 8 out of 10 thanks to its visuals, voice acting, story, and handling of complex and sensitive themes.
