Video game developer tinyBuild H1 revenue rises on new launches
Video game developer tinyBuild H1 revenue rises on new launches
Overview
US video game publisher's H1 revenue rose 18% yr/yr on strong catalogue and new launches
Adjusted EBITDA for H1 fell yr/yr due to higher royalty and marketing costs
Company says H1 results were ahead of expectations and maintains full-year outlook above expectations
Outlook
TinyBuild says much uncertainty remains for H2 2026 in a crowded market
Company says pipeline includes several larger-budget, high-potential new IPs
TinyBuild expects full-year results ahead of company's expectations
Result Drivers
NEW GAME LAUNCHES - Co said three successful new IP launches (Hozy, ALL WILL FALL and SAND) expanded its catalogue and contributed to revenue growth
BACK CATALOGUE PERFORMANCE - Continued strong contribution from evergreen franchises, including Hello Neighbor and Graveyard Keeper, supported revenue
HIGHER ROYALTY AND MARKETING COSTS - Co said adjusted EBITDA decline reflected higher royalty payments for second-party releases and increased marketing spend for new launches
Company press release: ID:nRSX0619Wa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $20.02 mln |
|
H1 EPS |
| $0.002 |
|
H1 Net Income |
| $1.03 mln |
|
H1 Adjusted EBITDA |
| $3.23 mln |
|
H1 Basic EPS |
| $0.002 |
|
H1 EBIT |
| $1.09 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Tinybuild Inc is GBp8.50, about 43.3% below its September 23 closing price of GBp15.00
The stock recently traded at 57 times the next 12-month earnings vs. a P/E of 43 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)