Warhorse Studios
Warhorse Studios is a Czech AAA video game developer creating historically authentic open-world RPGs, best known for the Kingdom Come: Deliverance franchise (15M+ copies sold), and currently expanding into a Lord of the Rings open-world RPG and additional Kingdom Come titles.
- Company typePrivate
- Founded2011
- HeadquartersPrague, Czechia
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
What Warhorse Studios does
Warhorse Studios s.r.o. is a Prague-based video game development studio founded in 2011 that builds AAA open-world role-playing games with a signature commitment to historical authenticity, eschewing magic and fantasy tropes. Its core technology stack includes proprietary in-house motion capture and sound studios, systems-driven gameplay mechanics, and detailed NPC behavior systems enabling immersive 15th-century Bohemia settings; the studio has transitioned to AI-based translation tooling to compress localization costs. Its commercial product is the Kingdom Come: Deliverance franchise — the 2018 original sold 10+ million copies, while the February 2025 sequel (KCD2) sold 6 million copies by June 2026 and achieved an 89% Metacritic score plus a 2026 BAFTA for Best Narrative. The studio monetizes through one-time AAA game licenses ($39.99-$59.99), DLC/expansions (final "Mysteria Ecclesiae" DLC shipped November 2025), merchandise (LEGO mini-figures, perfumes, vinyl), film/media rights (including a Karlovy Vary cinematic-cut screening and an announced feature film), and symphon
Warhorse Studios firmographics
Firmographics- Name
- Warhorse Studios
- Legal name
- Warhorse Studios s.r.o.
- Website
- https://warhorsestudios.cz
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Warhorse Studios is a Czech AAA video game developer creating historically authentic open-world RPGs, best known for the Kingdom Come: Deliverance franchise (15M+ copies sold), and currently expanding into a Lord of the Rings open-world RPG and additional Kingdom Come titles.
- Ownership category
- akta.pro rank
Warhorse Studios industry classification
Industry- Product category
- AAA Video Game Development
- NAICS
- Software Publishers (51321)
- SIC
- Services-Motion Picture & Video Tape Production (7812)
- akta.pro primary industry
- AAA & Premium Game Studios (PC/Console) (MPAFAAAA)
- akta.pro secondary industry
- Narrative/Adventure & RPG Game Studios (MPAFAAAL)
Keywords
Where Warhorse Studios is headquartered
LocationHeadquarters
- HQ city
- Prague
- HQ country
- Czechia
- HQ region
- Europe
Offices2 records
Markets served
Warhorse Studios business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Video Game Sales: Primary revenue from selling video game copies across PC and console platforms. Kingdom Come: Deliverance II sold 6 million copies as of June 2026, priced at standard AAA retail pricing ($39.99-$59.99 depending on edition).
- DLC and Expansions: Downloadable content and story expansions for games. Kingdom Come: Deliverance II released final DLC 'Mysteria Ecclesiae' in November 2025.
- Merchandise and Licensed Products: Official merchandise including LEGO mini-figures (€53-56), vinyl soundtracks, perfumes, posters, and limited-edition collectibles.
- Film and Media Rights: Film adaptations including Kingdom Come: Deliverance II Cinematic Cut theatrical release, documentary films, and planned feature film development.
- Concert and Event Revenue: Symptonic concerts featuring game soundtracks held in Czech Republic, Germany, and Poland.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Standard Edition - Base game at standard AAA retail price |
| Unit Pricing | Pay-as-you-go | LEGO Mini-figures - Collector's merchandise items |
| One time/ perpetual license | Pay-as-you-go | Steam Summer Sale Discount - Up to 60% off |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels9 records
Warhorse Studios product offering
Product offeringCore offering
Warhorse Studios is a Czech video game development studio that designs, develops and publishes AAA historically authentic open-world role-playing games, led by the Kingdom Come: Deliverance franchise set in real medieval history without fantasy tropes. The studio complements its core games with downloadable content expansions, cinematic and documentary adaptations, branded live experiences and concerts, and licensed merchandise such as LEGO mini-figures and perfumes.
Product overview
Warhorse Studios is a Czech game development studio that creates expansive open-world RPGs with strong storytelling and cinematic experiences. Their primary product portfolio centers on the Kingdom Come: Deliverance series—a historically grounded medieval RPG franchise set in 15th-century Bohemia. The core products are Kingdom Come: Deliverance (2018) and Kingdom Come: Deliverance II (2025), supplemented by the Cinematic Cut adaptation. The studio is expanding into new territories with an announced Middle-earth RPG and a new Kingdom Come adventure (targeting 2027). Beyond games, the portfolio extends to documentaries, symphonic concerts, live experiences, merchandise, and an upcoming feature film. Both games are published by Deep Silver across PC, PlayStation, Xbox, and Nintendo Switch platforms, with the franchise having sold over 15 million copies worldwide.
Differentiator
Problem solved
Functional benefit
Products and services
- Kingdom Come: Deliverance The first installment of the Kingdom Come: Deliverance franchise: a realistic first-person open-world RPG set in early 15th century Bohemia, featuring historically authentic medieval combat and narrative-driven gameplay without magic or fantasy tropes. Sold over 10 million copies since release. The sequel to Kingdom Come: Deliverance: an open-world RPG in which players fight through challenging battles, experience detailed natural landscapes, and visit the silver city of Kutná Hora. Released on PC, PlayStation 5, and Xbox Series S/X with an 89% Metacritic score and over 6 million copies sold within 17 months. Distinctive cinematic experience prepared in collaboration with the Karlovy Vary International Film Festival, offering a curated viewing experience of the Kingdom Come: Deliverance II story for fans and newcomers. Final story expansion for Kingdom Come: Deliverance II released on November 11, 2025, involving investigation of a deadly epidemic at Sedletz Monastery with new gameplay elements, locations, and narrative content centered on political intrigue and plague mystery.
- Kingdom Come: Deliverance LIVE Real-world experience allowing players to feel the atmosphere and adventure of the Kingdom Come: Deliverance games through in-person escape rooms and curated nature walks.
- Fechtbuch: The Real Swordfighting behind Kingdom Come Documentary film mapping the studio's quest for unique combat experience in Kingdom Come: Deliverance and presenting medieval martial arts as a cultural phenomenon and important element of European history.
- Kingdom Come: Deliverance Concert Live orchestral performance of the award-winning Kingdom Come: Deliverance soundtrack composed by Jan Valta, interlaced with medieval songs by Adam Sporka, performed in concert halls across Czech Republic, Germany, and Poland.
- Kingdom Come: Deliverance 2 LEGO Mini-figures Officially licensed LEGO-style mini-figures of Kingdom Come: Deliverance 2 characters Hans Capon (€56) and Henry of Skalitz (€53), made from recycled LEGO bricks with custom printed parts and detailed armor, released in partnership with Brickperium.
Quantifiable outcome
- Kingdom Come: Deliverance II reached 6 million copies sold within 17 months of launch
- +3 more outcomes
Companies that use Warhorse Studios
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Warhorse Studios technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Warhorse Studios partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- BrickperiumcoreWarhorse Studios officially partnered with custom brick-building company Brickperium to release officially licensed LEGO mini-figures for Kingdom Come: Deliverance 2, featuring main characters Hans Capon (priced at €56) and Henry of Skalitz (priced at €53). The figures are made from recycled LEGO bricks with custom printed parts and detailed armor, currently available for pre-order.
- Deep SilvercoreDeep Silver, owned by Embracer Group, serves as the primary publisher for Kingdom Come: Deliverance series, handling physical and digital distribution across all platforms including PC, PlayStation, and Xbox.
- Embracer GroupcoreEmbracer Group is Warhorse Studios' parent company, having acquired the studio. The company acquired Lord of the Rings IP rights from The Saul Zaentz Company in 2022 and is splitting into two entities with Fellowship Entertainment set to hold major IPs including KCD.
- Kintsugi PerfumesminorPartnership to release exclusive Kingdom Come branded perfumes, expanding merchandise offerings beyond traditional gaming merchandise.
- Karlovy Vary International Film FestivalminorCollaboration for Kingdom Come: Deliverance II Cinematic Cut theatrical screening, bringing game cutscenes to cinema audiences.
- Jan Valta and Adam SporkaminorCzech composer Jan Valta created award-winning orchestral soundtrack, with medieval songs by Adam Sporka, featured in symphonic concerts and official vinyl releases.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Warhorse Studios competitors and assessment
Company assessmentDirect peers
- Bethesda Game Studios: Developer of open-world RPG franchises (The Elder Scrolls, Fallout). The most direct comparison for Warhorse: both sell premium single-player open-world RPGs at AAA scale to overlapping PC/console audiences, with Bethesda positioned as the incumbent Warhorse is publicly trying to challenge.
- CD Projekt Red: Developer of The Witcher series and Cyberpunk 2077. Closely comparable as a narrative-heavy, single-player PC/console RPG studio, and a talent competitor - Warhorse lost senior designer Zdenek Glatz to CD Projekt Red's Witcher 4. Both studios also operate within European (Polish/Czech) development hubs.
- Larian Studios: Developer of Baldur's Gate 3 and the Divinity series. Comparable as a European-headquartered, single-player/CRPG-focused premium studio that took share in the RPG category and shipped a hit narrative-driven open-world RPG on PC and consoles.
- Obsidian Entertainment: Developer of Avowed, The Outer Worlds, and Pillars of Eternity. Comparable as an RPG-specialist studio focused on narrative-rich, player-choice-driven experiences for PC/console, with similar target demographic to Warhorse's niche 'historical authenticity' fanbase.
- BioWare: Developer of Mass Effect, Dragon Age, and Baldur's Gate. Comparable as a long-running RPG specialist with mass-market narrative franchises, currently developing Dragon Age: The Veilguard - a similar narrative-driven, choice-consequence premium RPG in the same category.
- Playground Games: Developer of the Forza Horizon series and the in-development Fable reboot. Relevant peer given that both studio rank and title-development responsibilities within major publisher/holding-company structures (Microsoft Game Studios / Embracer), and both are now building high-stakes AAA single-player open-world fantasy IPs.
- Avalanche Software: Developer of Hogwarts Legacy under Warner Bros. Games. Highly comparable as the studio that delivered the most recent big-budget open-world game built on a pre-existing cultural IP (Harry Potter / Wizarding World), and thus the most direct recent comp for Warhorse's announced Lord of the Rings open-world RPG.
Broad incumbents
- Rockstar Games: Developer of GTA and Red Dead Redemption. Comparable as a premium open-world single-player/online specialist with massive critical and commercial franchise success, but at a much larger scale and broader portfolio than Warhorse's focused medieval/historical niche.
- Santa Monica Studio: Developer of the God of War series within Sony PlayStation. Comparable as a single-player-action/RPG studio operating at AAA scale within a larger publisher conglomerate, with similar focus on narrative depth and cinematic execution in a historical-mythological action-RPG context.
Emerging players
- FromSoftware: Developer of Dark Souls, Elden Ring, and Armored Core. Comparable as a single-player premium studio with strong authorial identity and a recent breakout AAA hit (Elden Ring) that dramatically expanded the open-world RPG audience Warhorse targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Warhorse Studios social profiles
Digital presenceWarhorse Studios financial estimates
Financial estimateRevenue estimate
Valuation estimate
Warhorse Studios leadership team
Management profileNumber of profiles
Profiles8 records
Warhorse Studios funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Warhorse Studios M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Warhorse Studios
What does Warhorse Studios do?
Warhorse Studios is a Czech video game development studio that designs, develops and publishes AAA historically authentic open-world role-playing games, led by the Kingdom Come: Deliverance franchise set in real medieval history without fantasy tropes. The studio complements its core games with downloadable content expansions, cinematic and documentary adaptations, branded live experiences and concerts, and licensed merchandise such as LEGO mini-figures and perfumes.
Is Warhorse Studios a public or private company?
Warhorse Studios is a private company. It is classified as corporate owned and is currently operating.
When was Warhorse Studios founded?
Warhorse Studios was founded in 2011. It employs 51 to 100 people.
Where is Warhorse Studios based?
Warhorse Studios is headquartered in Prague, Czechia, in the Europe region.
How does Warhorse Studios make money?
Five revenue lines are on record. Video Game Sales are the primary driver. The others are DLC and Expansions, merchandise and Licensed Products, film and Media Rights and concert and Event Revenue.
Who are Warhorse Studios's main competitors?
Direct peers on record are Bethesda Game Studios, CD Projekt Red, Larian Studios, Obsidian Entertainment, BioWare, Playground Games and Avalanche Software. Broad incumbents are Rockstar Games and Santa Monica Studio. FromSoftware is listed as an emerging player.
Does Warhorse Studios have an API?
No public API is recorded for Warhorse Studios.
What industry is Warhorse Studios in?
Warhorse Studios's product category is AAA Video Game Development. Its primary akta.pro industry code is MPAFAAAA, AAA & Premium Game Studios (PC/Console), with a secondary code of MPAFAAAL, Narrative/Adventure & RPG Game Studios. Its NAICS code is 51321 and its SIC code is 7812.