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Frontier Developments

February 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FDEV
  • Price:
  • 1400p
Ahead of H1 results on 5 February, Frontier Developments said all four of its game franchises performed well, as expected, over the Christmas period. Overall in H1 it recorded total revenue of £32m but the period included just 26 days of sales from Planet Zoo, which launched on 5 November, plus pre-order sales recognised at launch.Full year sales are guided to be in the range  £65m-£73m but given that Planet Zoo has been the fastest selling PC game within Frontier's portfolio and also featured in Steam’s top 12 grossing new releases of 2019, the £39m needed in H2 sales looks a walk in the park. A virtuous circle is forming: its relationships with platforms like Steam help optimise release timi ...

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