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Pin to quick picksFrontier Dev Share News (FDEV)

Share Price Information for Frontier Dev (FDEV)

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Share Price: 241.50
Bid: 243.00
Ask: 245.00
Change: -8.50 (-3.40%)
Spread: 2.00 (0.823%)
Open: 259.50
High: 259.50
Low: 241.50
Prev. Close: 250.00
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Frontier Developments Posts "Record" Year Ahead Of Next Game Release

Wed, 04th Sep 2019 10:23

(Alliance News) - Video game developer Frontier Developments PLC on Wednesday reported a "record" year, with profit and revenue both surging.

During the 12 months to May, Frontier made its biggest game launch to-date, Jurassic World Evolution, which achieved two million sales in the first seven months on release.

There have been a number of new updates to both that game and older titles such as Planet Coaster and Elite Dangerous, Frontier added.

Revenue for the year more than doubled to GBP89.7 million from GBP34.2 million, while pretax profit was multiplied to GBP19.4 million from GBP2.8 million.

Chief Executive David Braben said: "I am delighted to report a record level of financial performance, which reflects the skill and hard work of our talented team and the support of our players around the world.

"We continue to nurture and enhance all three of our existing titles (Elite Dangerous, Planet Coaster and Jurassic World Evolution), and I look forward to the release of our fourth highly anticipated game, Planet Zoo, later this year."

Planet Zoo, a game in which players can manage their own zoo, is due for release on November 5.

Frontier expects "considerable success" from the game, but it has said the boost to revenue will unlikely be as strong as that from Jurassic World Evolution.

Shares in the company were 6.8% lower on Wednesday morning in London at 1,038.00 pence each.

More News
14 Jun 2023 10:28

Frontier Developments guides revenue fall; to focus on internal titles

(Alliance News) - Frontier Developments PLC on Wednesday said it expects revenue in the financial year that ended May 31 to be lower than the year prior, as it said it will shift away from third-party publishing towards internal titles.

Read more
31 Jan 2023 09:26

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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19 Jan 2023 15:51

Frontier Developments cheers strong first half

(Sharecast News) - Video games developer and publisher Frontier Developments reported a 16% improvement in revenue in its first half on Thursday, to £57.1m.

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19 Jan 2023 12:27

Frontier Developments shares up on swing to interim profit

(Alliance news) - Frontier Developments PLC on Thursday reported a swing to interim profit and a rise in revenue, as it eyed annual revenue to be no less than GBP100 million.

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12 Jan 2023 15:47

UK earnings, trading statements calendar - next 7 days

Friday 13 January 
DFS Furniture PLCTrading Statement
MJ Gleeson PLCTrading Statement
Taylor Wimpey PLCTrading Statement
Monday 16 January 
Ashmore Group PLCTrading Statement
Hercules Site Services PLCFull Year Results
Knights Group Holdings PLCHalf Year Results
Rio Tinto PLCTrading Statement
Tuesday 17 January 
Alliance Pharma PLCTrading Statement
Card Factory PLCTrading Statement
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Experian PLCTrading Statement
Genel Energy PLCTrading Statement
Hays PLCTrading Statement
Henry Boot PLCTrading Statement
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Ocado Group PLCTrading Statement
Petra Diamonds LtdTrading Statement
Ramsdens Holdings PLCFull Year Results
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THG PLCTrading Statement
Wise PLCTrading Statement
Wednesday 18 January 
Associated British Foods PLCTrading Statement
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Currys PLCTrading Statement
Diploma PLCTrading Statement
Galliford Try Holdings PLCTrading Statement
Gateley Holdings PLCTrading Statement
Ibstock PLCTrading Statement
Kenmare Resources PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
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Pearson PLCTrading Statement
Rathbones Group PLCTrading Statement
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Thursday 19 January 
AJ Bell PLCTrading Statement
Bakkavor Group PLCTrading Statement
BHP Group LtdTrading Statement
boohoo Group PLCTrading Statement
Centamin PLCTrading Statement
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
Energean PLCTrading Statement
Frontier Developments PLCHalf Year Results
Harbour Energy PLCTrading Statement
Headlam Group PLCTrading Statement
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Kier Group PLCTrading Statement
Luceco PLCTrading Statement
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11 Jan 2023 13:23

Numis cuts Frontier Developments to 'sell', sees risk of capital raise

(Sharecast News) - Analysts at Numis axed their target price for shares of Frontier Developments from 1,450.0p to 375.0p and downgraded their shares to 'sell', pointing to an assortment of potential headwinds bearing down on the game software developer and its ability to hit its own guidance.

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11 Jan 2023 09:48

LONDON BROKER RATINGS: Citi cuts Frontier Developments; BofA ups Sage

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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11 Jan 2023 09:33

Berenberg downgrades Frontier Developments to 'hold', slashes target price

(Sharecast News) - Analysts at Berenberg downgraded video game developer Frontier Developments from 'buy' to 'hold' on Wednesday and slashed their target price on the stock from 2,000.0p to 620.0p, stating there was "significant uncertainty" as headwinds continue to grow.

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9 Jan 2023 17:04

LONDON MARKET CLOSE: Stocks up on China positivity, Fed hike hopes

(Alliance News) - Stock prices in London closed broadly higher on Monday as investor sentiment was buoyed by the re-opening of China and hopes that the US Federal Reserve may slow the pace of rate hikes.

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9 Jan 2023 12:03

LONDON MARKET MIDDAY: FTSE 100 slips back after morning leap

(Alliance News) - Some late-morning selling pressure followed the FTSE 100's foray to a near four-and-a-half year high on Monday, as a bullish start to the new year showed signs of fatigue.

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9 Jan 2023 11:27

AIM WINNERS & LOSERS: musicMagpie flies; video game shares fall

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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9 Jan 2023 10:54

Frontier Developments shares plunge as annual revenue guidance cut

(Alliance News) - Frontier Developments PLC on Monday said it expects a first-half revenue hike, helped by the release of the F1 Manager 2022 racing title and survival game Stranded: Alien Dawn, though it warned on its annual performance.

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9 Jan 2023 09:31

Frontier Developments warns on FY revenue, operating profits

(Sharecast News) - Video games outfit Frontier Developments warned on Monday that it will now fall short of meeting full-year consensus forecasts in 2023.

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9 Jan 2023 08:52

LONDON MARKET OPEN: FTSE 100 hits near four-and-a-half year high

(Alliance News) - London's FTSE 100 reached heights not seen since 2018 in early trade on Monday, as optimism out of China and hope that the US Federal Reserve will slow its pace of rate hikes lifted the mood.

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9 Jan 2023 07:49

LONDON BRIEFING: Astra makes USD1.8 billion buy; Keller hit by fraud

(Alliance News) - London's FTSE 100 was called to start the new week higher, after a strong handover from Asia on Monday and a bullish end to the first week of the year in New York.

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