Brief: Devolver Digital On Track For Previous Guidance Of Profitable Growth In 2024 & Continuation Into 2025

Devolver Digital

18/04/2024 07:33

April 18 (Reuters) - Devolver Digital Inc  DEVO.L :
    * FY23 REVENUES IN LINE WITH EXPECTATIONS
    * RETURN TO PROFIT IN 2H 2023
    * RETURN TO GROWTH EXPECTED IN 2024
    * FY23 REVENUES DOWN 31% TO US$92M
    * FY23 ADJUSTED GROSS PROFIT FELL 42% TO US$27M
    * REVENUES UP 10% 2H 2023 VERSUS 1H 2023
    * ON TRACK FOR PREVIOUS GUIDANCE OF PROFITABLE GROWTH IN
2024 AND
CONTINUATION INTO 2025
    * SEES  2024 NEW RELEASES EXPECTED TO BE MORE EVENLY
BALANCED
THROUGH YEAR
    * FY23 STRENGTH SUSTAINED IN 1Q 2024
    * AVERAGE COST PER TITLE IS EXPECTED TO REDUCE MORE THAN 30%
IN
2024 VERSUS 2023


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