EARNINGS: Frontier Developments turns to loss

[Ricardo]

Worse results, less money for development - I guess we'll wait for the next big patch for beloved Elite Dangerous...

Frontier Developments PLC - Cambridge-based video games developer and publisher - For the financial year that ended May 31, reports pretax loss of £26.5 million, swung from a profit of £944,000 a year prior. Revenue falls to £104.6 million from £114.0 million. Research and development expenses increase 47% to £67.9 million from £46.2 million. Looking ahead, says financial 2024 started solidly, but notes worse than expected sales for Formula 1-focused video game F1 Manager 2023. Frontier expects revenue to grow 3.3% to £108 million in financial 2024, in line with market expectations. Further, it anticipates an adjusted loss before interest, tax, depreciation and amortisation of £9 million, widened by 96% from £4.6 million in financial 2023. ‘The big new game release for [financial] 2024 is still to come, with Warhammer Age of Sigmar: Realms of Ruin scheduled for release in November 2023. Our marketing campaign for launch kicked off strongly with our presence at Gamescom at the end of August,’ the company says.
https://www.sharesmagazine.co.uk/news/market/1694612492813136600/earnings-frontier-developments-turns-to-loss-poolbeg-optimistic

[Dolphin Bottlenose]

โพสต์ดั้งเดิมโดย ZombieHunter:

I think its better if we just play the game and let FD worry about the financials.

Precisely! They sell us the game, not brokerage accounts.

[Ricardo]

Simply Wall St
Published February 28, 2024

Frontier Developments plc's (LON:FDEV) 29% Dip In Price Shows Sentiment Is Matching Revenues

The Frontier Developments plc (LON:FDEV) share price has fared very poorly over the last month, falling by a substantial 29%. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 74% loss during that time.
https://simplywall.st/stocks/gb/media/aim-fdev/frontier-developments-shares/news/frontier-developments-plcs-lonfdev-29-dip-in-price-shows-sen

[jimbalayajones]

โพสต์ดั้งเดิมโดย McGargoyle:

โพสต์ดั้งเดิมโดย Ricardo:

Also: keep your effing lootboxes and micropayments out of my Elite.

Agreed...ARX is enough...

[Sighman]

โพสต์ดั้งเดิมโดย Ricardo:

Simply Wall St
Published February 28, 2024

Frontier Developments plc's (LON:FDEV) 29% Dip In Price Shows Sentiment Is Matching Revenues

The Frontier Developments plc (LON:FDEV) share price has fared very poorly over the last month, falling by a substantial 29%. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 74% loss during that time.
https://simplywall.st/stocks/gb/media/aim-fdev/frontier-developments-shares/news/frontier-developments-plcs-lonfdev-29-dip-in-price-shows-sen

And it's back up 30% since that article was published.

What's your point? Share prices go up and down and the entire computer gaming sector is in a hole right now.