Frontier Developments boosted by lockdown gaming – Insider Media

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Frontier Developments boosted by lockdown gaming

Planet Zoo

Lockdown has led to a surge in demand for titles published by Cambridge video game company Frontier Developments, with operating profit and revenues for its latest financial year to to be ahead of previous guidance.

In a trading update, Frontier said demand in May “continued to be high” leading to a “strong finish” to the year.

The board now expects operating profit to be ahead of the top of the previous guidance of £11m to £13m, while revenues will be ahead of the £65m to £73m range.

All four games of its games – Elite Dangerous, Planet Coaster, Jurassic World Evolution and Planet Zoo – provided “significant revenue contributions”.

David Braben, Frontier’s chief executive, said: “Lockdown is a challenge for many people, and is going on for longer than most of us expected, but it is great to see so many more people joining our communities during these difficult times across all our games.

“We continue to be delighted by the engagement, passion and feedback from our players, and look forward to a bright future post-lockdown, as we believe many of our new players will stay with us for the long term.”

Frontier expects to announce a year-end trading update on 20 June 2020.

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