Frontier Developments (FDEV) Trading Update summary

Trading performance

• FY25 revenue expected to reach approximately £90 million, surpassing analyst expectations of £85–89 million.

• Strong performances across the game portfolio contributed to the revenue outperformance.

• Profitability and cash position for FY25 will be higher than previously anticipated.

• A £3.5 million gain from the sale of publishing rights for Stranded: Alien Dawn further boosted results, though not counted as revenue.

Upcoming events

• A detailed trading update for FY25 and current trading will be released on 11 June 2025.

• A video call for analysts and institutional investors is scheduled for 09:30am on the day of the update.

Company background

• Frontier Developments is a leading independent video game developer and publisher based in Cambridge, UK.

• Founded in 1994 by David Braben, co-author of the Elite game, and uses proprietary COBRA technology.