Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Devolver Digital, Inc. ( (GB:DEVO) ) just unveiled an update.
Devolver Digital announced a return to profitability and growth for the year ending December 2024, with strong performance aligning with their fiscal guidance. The company achieved record Metacritic scores for new releases and saw significant revenue growth driven by their back catalogue and successful new titles like ‘The Plucky Squire’ and ‘Neva.’ With a robust pipeline of at least 13 new releases for 2025, including anticipated titles featured in Nintendo’s Switch 2 showcase, Devolver is poised for continued growth. The company’s strategic focus on high-quality game curation and strong partnerships has bolstered its market position, with expectations of sequential improvements in revenue and EBITDA through 2025 and 2026.
More about Devolver Digital, Inc.
Devolver Digital, Inc. is an award-winning video games publisher specializing in the indie games sector. The company focuses on premium games and has published over 130 titles, with more than 30 additional titles planned for release over the next three years. Devolver operates in the digital publishing and development industry, emphasizing a balanced portfolio of third-party and own-IP games.
YTD Price Performance: -20.41%
Average Trading Volume: 323,919
Technical Sentiment Signal: Strong Buy
Current Market Cap: £92.53M
For a thorough assessment of DEVO stock, go to TipRanks’ Stock Analysis page.