Frontier Developments (GB:FDEV) has released an update.
Frontier Developments PLC, known for its creative management simulation (CMS) games, reported a strategic shift and organizational restructuring in FY24, leading to reduced operating costs and a return to profitability. Despite a decrease in revenue to £89.3 million from the previous year and an operating loss due to impairment charges, the company saw a cash balance increase and strong CMS back catalogue performance. Looking ahead, Frontier is optimistic with a promising lineup including Planet Coaster 2 and a new Jurassic World game, signaling confidence in future profit and growth.
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