Frontier Developments says annual revenue to beat consensus
Frontier Developments PLC on Wednesday reported an optimistic outlook, with full-year revenue expected ahead of forecasts.
The Cambridge, England-based video game maker is predicting revenue for its financial year ending May 31 to be around £90 million, up from £89.3 million in 2024. This exceeds the company-compiled consensus, which forecast revenue between £85 million and £89 million.
Frontier Developments said its performance was boosted by the £3.5 million sale of publishing rights for the game ’Stranded: Alien Dawn’, which is not included in revenue calculations.
The firm anticipates ending the year with ‘higher-than-expected’ profitability and net cash.
Back in January, Frontier Developments celebrated a swing to profit during the first-half, with pretax profit in the six months to November 30 of £4.4 million, from a loss of £33.1 million a year prior.
Shares in Frontier Developments were up 9.4% at 249.50 pence each on Wednesday morning in London.
The firm will announce a trading update on June 11.
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