Business
Trading Statement and Game Announcement
Trading Statement and Game Announcement.
About this update from Frontier Developments Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5643B\n Frontier Developments PLC\n 11 June 2021\n \n \n \n 11 June 2021\n Frontier Developments plc\n Trading Statement and Game Announcement\n \n Frontier Developments plc \n (AIM: FDEV, 'Frontier', the 'Group' or the 'Company')\n , a leading developer and publisher of videogames based in Cambridge, UK, announces Jurassic World Evolution 2, the much-anticipated sequel to the highly successful Jurassic World Evolution (2018), and provides an update on trading following the end of Frontier's financial year 2021 (\"FY21\" - the 12 months to 31 May 2021).\n HIGHLIGHTS\n \n · Announced on 10 June 2021 at Summer Game Fest, an industry-wide celebration of video games, Jurassic World Evolution 2 builds on the major success of Jurassic World Evolution, Frontier's biggest selling game to date, which released in June 2018\n \n · \n Jurassic World Evolution 2 is the major global licensed IP title which was previously unrevealed on Frontier's future roadmap. This much-anticipated sequel will release later in calendar 2021 (in FY22)\n \n ·Continued strong performance across the whole game portfolio delivered record annual revenue for FY21 - provisional unaudited FY21 revenue is approximately £91 million\n \n · \n Elite Dangerous: Odyssey, our major expansion for the iconic space game Elite Dangerous (2014), released on PC on 19 May 2021\n \n · Coronavirus-related development challenges continue to be well managed. However, for prudent planning reasons the Board now anticipate that our F1 2022 management game may release in early FY23 (after 1 June 2022) as opposed to late FY22 (before 31 May 2022)\n \n · Based on the anticipated ongoing performance of the existing portfolio, combined with an exciting release schedule for FY22 including Jurassic World Evolution 2, the Board's projected revenue range for FY22 is £130 million to £150 million, which prudently assumes our 2022 F1 management game is released in early FY23\n \n · For FY23 the Board's projected revenue range is £160 million to £180 million, based on the anticipated performance of our current and future game franchises, together with a growing contribution from our games label for third-party publishing, Frontier Foundry \n JURASSIC WORLD EVOLUTION 2\n \n Jurassic World Evolution 2 is the much-anticipated sequel to the highly successful Jurassic ...