28th May 2025 11:39
(Alliance News) - 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 GBP90 million, up from GBP89.3 million in 2024. This exceeds the company-compiled consensus, which forecast revenue between GBP85 million and GBP89 million.
Frontier Developments said its performance was boosted by the GBP3.5 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 GBP4.4 million, from a loss of GBP33.1 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.
By Holly Munks, Alliance News reporter
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