Frontier Developments revenues roar higher on back of Jurassic World Evolution
Annual revenues from the games publisher are expected to have increased more than two and a half times to £89mln
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LON:FDEV
Frontier's founder David Braben's work in games started way back in 1982 when David co-authored the seminal game "Elite". Frontier has built a uniquely diverse track record comprising games that have defined genres, been critically acclaimed and sold many millions of copies. We work with top publishers as well as self-publishing our own titles, and develop high quality, innovative games of different genres across all major gaming formats. We strive to make games that will put both Frontier and the games industry itself at the forefront of the world entertainment industry.
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Annual revenues from the games publisher are expected to have increased more than two and a half times to £89mln
Analysts said the three companies would be able to tap into the “scale and growth potential” of the industry, citing estimates that the sector will reach a global value of US$148bn this year
The AIM-100 firm reported underlying earnings for the six months of £21.7mln, up from £6mln a year ago, while revenues jumped to £64.7mln from £19mln
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The UK index of leading shares closed down around four points at 7,173
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The company expects to report revenue of £64mln for the six months to November 30, compared to £19mln a year ago
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The AIM 100 video game developer reported that its pre-tax profit for the year was £2.8mln, down from £7.8mln in 2017, while revenues fell to £34.2mln from £37.4mln previously
The pound added 0.03% against the Euro and was up 0.40% against the US dollar..
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The German investment bank says it is “no surprise” UK video games makers are making a comeback given the increased spend on games and “attractive government policies”
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The AIM-listed firm said, since its digital launch on 12 June 2018, Jurassic World Evolution - Frontier’s third game franchise - has been “strong across all platforms”