Developer and publisher of video games Frontier Developments (FDEV) has announced “better-than-expected revenue performance… will deliver stronger-than-expected profitability in FY25 and a higher-than-expected cash position”. How good is this news financially compared to an around 250p share price?
Previously writing on videogames developer and publisher Frontier Developments (FDEV), in June with the shares rising to around 300p I retained prior caution including noting publishing rights sale contribution and I’d like to see the remainder of the balance sheet. So what of now results for the company’s year ended 31st May 2024 and the shares currently more than 9% further down to below 220p?
Videogames developer and publisher Frontier Developments (FDEV) has issued a trading update emphasising “a strong H2 performance… year ended 31 May 2024 ahead of expectations” and that it has “a game portfolio that continues to deliver pleasing results and an exciting CMS (Creative Management Simulation)-led roadmap ahead”. What of that and a share price rising to around 300p in response?
Videogames developer and publisher Frontier Developments (FDEV) has issued a trading update commencing that recently its “portfolio has performed well, with pleasing contributions from all games” and including “financial performance for FY24 as measured by Adjusted EBITDA is now anticipated to be better than previously guided”. Good news from a current around 280p share price?
Previously writing on company describing itself as “a leading developer and publisher of videogames” Frontier Developments (FDEV), in September with the shares down to around 300p I questioned its “comfortable with market expectations” after it admitted “the release of F1 Manager 2023 in July 2023 has so far not delivered the expected sales contribution”, having stated in June that the year “will benefit from two major new game releases: F1 Manager 2023 and Frontier's first real-time strategy game, Warhammer Age of Sigmar: Realms of Ruin”. So what of a latest “Business Update” announcement from the company?
Describing itself as “a leading developer and publisher of video games” Frontier Developments (FDEV) has announced results for its year ended 31st May 2023 including that it “continues to be well capitalised, with a cash balance at the end of FY23 (on 31 May 2023) of £28.3 million… comfortable with market expectations for FY24”. So what of a share price currently further down to around 300p in response?









