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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Devolver Digital
Devolver Digital (DEVO) investor relations material
Devolver Digital has been delisted
Devolver Digital Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary26 Jun, 2026
Financial performance and trading update
Revenue for 1H 2026 is expected to be at least 60% higher than 1H 2025, with adjusted EBITDA projected in the mid single-digit US$ millions.
Strong year-on-year growth partly driven by the Devolver Steam Publisher sale and three Top 10 Global Best Sellers on Steam in January.
Product and pipeline developments
STARSEEKER: Astroneer Expeditions launched into Early Access with a significant platform deal, though initial unit sales have been disappointing; review scores are improving and content updates are planned through year-end.
Stronghold 4 announcement generated 250,000 wishlists in two weeks, while Warhammer 40,000: Boltgun 2 and Shroom and Gloom have 260,000 and 220,000 wishlists, respectively.
Outlook and upcoming events
Strong 1H 2026 performance and positive game pipeline expected to support profitability, though offset by slower STARSEEKER launch.
Further details on 1H 2026 performance and full-year guidance will be provided with half-year results in late September 2026.
2026 Annual Meeting scheduled for 26 June 2026 at 4:00 pm BST; 2025 Annual Report available on the investor website.
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Latest events from Devolver Digital
- Adjusted EBITDA up 39%, new release revenue tripled, and net cash at $36.6m.DEVO
H2 2025 - FY2025 saw revenue and profit growth, with a strong start to 2026 and historic Steam chart success.DEVOH2 2025 TU
- EBITDA profit returned in 1H 2024 as revenue and gross profit surged on strong back catalogue sales.DEVOH1 2024
- Double-digit revenue growth and positive Adjusted EBITDA achieved, with strong cash position.DEVOH2 2024 TU
- 2024 saw double-digit revenue growth, margin expansion, and a return to profit.DEVOH2 2024
- 1H 2025 revenue dropped 24.8% as new releases rose 76%, supporting a strong 2H outlook.DEVOH1 2025
Devolver Digital
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