Frontier Developments (GB:FDEV) has released an update.
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Frontier Developments PLC reports a successful second half of FY24 with revenues of approximately £89 million, boosted by strong back-catalogue sales and the release of Planet Zoo: Console Edition. Cost-cutting measures resulted in a 20% reduction in annual operating costs and a provisional Adjusted EBITDA profit of £0.5 million, marking a turnaround from the previous year’s loss. Looking ahead, the company is focusing on management simulation games, with several releases planned through FY27 and a confident outlook for continued profitability in FY25.
For further insights into GB:FDEV stock, check out TipRanks’ Stock Analysis page.
