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Devolver Digital
Devolver Digital (DEVO) investor relations material
Devolver Digital H2 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 TU earnings summary9 Feb, 2026
Executive summary
Achieved year-over-year revenue growth in FY2025, outperforming a flat gaming market.
Strong second half performance driven by platform deals and a successful Steam Publisher Sale.
Multiple new releases in 2025 received high Metacritic scores and positive user reviews.
Early 2026 trading started strongly, with three titles in Steam's Global Best Sellers Top 10 for the first time.
Financial highlights
FY2025 revenues exceeded $100 million, meeting management guidance.
Underlying Adjusted EBITDA pre-impairments expected in double-digit millions, slightly above consensus.
Impairments for underperforming titles estimated at $3.5 million.
Operating expenses declined slightly year-over-year.
Net cash position of approximately $36.4 million as of December 31, 2025.
Outlook and guidance
Strong start to 2026 with new releases exceeding expectations.
Management anticipates further profit improvement and higher sustainable profitability in coming years.
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Next Devolver Digital earnings date
H2 20259 Apr, 2026
Devolver Digital
Next Devolver Digital earnings date
H2 20259 Apr, 2026
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