3rd Aug 2023 10:55
Devolver Digital Inc - Austin, Texas-based digital publisher and developer of indie video games - Says performance in the first half of 2023 has been negatively impacted by delays to new title releases, a reduction in revenue from subscription deals and a lower contribution from its back-catalogue. As a result, now expects normalised adjusted earnings before interest, tax, depreciation and amortization to be negative in the half. For the full-year, normalised adjusted Ebitda is expected to be "at least" break-even. Normalised Ebitda is expected to return to growth in 2024 and accelerate in 2025. Read More
