Business
Business Update
Business Update.
About this update from Frontier Developments Plc
[{"type":"text","content":"\n\n27 November 2023\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \nFrontier Developments plc\n \nBusiness Update\n \nFrontier Developments plc (AIM: FDEV, 'Frontier' or the 'Company'), a leading developer and publisher of videogames based in Cambridge, UK, provides a business update ahead of the important December trading period.\n \nWarhammer Age of Sigmar: Realms of Ruin\n \nOn 17th November 2023 Frontier released real-time strategy game Warhammer Age of Sigmar: Realms of Ruin ('Realms of Ruin') on PC via Steam, Epic, Genba and Heybox, and on PlayStation®5 and Xbox Series X|S. We were pleased to see at launch that Realms of Ruin received mostly positive reviews from game critics and from players, however, sales to date have been lower than expected. With the December trading period approaching, and Frontier continuing to evolve and support Realms of Ruin with post-release content, including PDLC ('paid-downloadable content'), we expect sales to build over time.\n \nRefocusing on CMS (creative management simulation) games\n \nFrontier's move to diversify its game portfolio during the last five years, including through third-party publishing and new games in 'adjacent genres', has not delivered the anticipated success. As a result, the Company has refocussed on CMS games which have delivered stronger and more predictable returns through Frontier's expertise and leadership in that genre.\n \nThe Company's four CMS games (Planet Coaster, Planet Zoo, Jurassic World Evolution and Jurassic World Evolution 2) continue to perform well and have each achieved over $100 million of gross revenue with a combined total of over $500 million. All four games achieved profitability within one month of release and delivered over 100% return on investment within 12 months of release. The three games which have been in the market for four years or longer - Planet Coaster, Jurassic World Evolution and Planet Zoo - have all achieved a cumulative return on investment of over 250%.\n \nFrontier is therefore pleased to confirm three future CMS games with one releasing in each of the next three financial years - FY25, FY26 and FY27. Alongside this we will continue to develop and support our portfolio of existing games, including Elite Dangerous, our F1® Manager franchise, and Realms of ...