General / Off-Topic Frontier Revenue Increases to £36m

Barking_Mad

Barking_Mad
Pay increases and pizza all round.

LONDON (Alliance News) - Video game creator Frontier Developments PLC said Wednesday that profit for its recent financial year will be ahead of expectations after strong Christmas and Easter sales last year.


Frontier said that it had experienced "strong sales" over November, December and the Easter weekend in 2016 and that its two franchises, Elite Dangerous and Planet Coaster, had been helped by the company adding content, updates, and extensions to the games.


The company now expects revenue for the financial year that ended March 31 to have been GBP36 million, a 68% year-on-year increase. Frontier also expects to achieve an operating profit margin in the new financial year of 15% to 20%, compared to 6% in the recent one.


Frontier Chief Executive David Braben said he expects further revenue growth in the future when its third franchise is released in 2018. It said the game is based on a Hollywood movie of "global renown" but didn't name the movie.


He added: "The launch of Planet Coaster has driven a step-up in our financial performance, and we now have two strong franchises in the market following our successful transition to self-publishing."


Frontier will release its full audited results in September. Shares were up 13% to 345.00 pence on Wednesday.
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{SAS}Stalker

{SAS}Stalker
Experts, post truth and fake news fake news.

They will be in administration before midnight, FD are finished.
 
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fuub

F
good job FD, need to thank NMS fail for the results.

Do more PR alien tricks to deceive ppl the game is actually good and hide all the problems.

Running out of consoles to release too.
 
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ArchEmperor

ArchEmperor
BattleFront II?

In Battlefront II players can battle in space and engage in ship-to-ship combat. Players sabotage enemy capital ships externally by firing at vital systems, or on foot by landing in the enemy hangar
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Reminds anyone of something?
 
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Huros

Huros
Now they have had the money from our pockets maybe we could have some permanence, content and ability to actually make a difference in this game. That, or they won't be getting much more out of me.
 

Barking_Mad

Barking_Mad
For reference Planet Coaster looks to have sold approx 650k copies so far. Either way, it's a healthy position and should put pay to any idea they will have to cut back on ED development through financial pressures alone.
 

ArchEmperor

ArchEmperor
Huros said:
Now they have had the money from our pockets maybe we could have some permanence, content and ability to actually make a difference in this game. That, or they won't be getting much more out of me.
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Chill, David Braben is from the old school hardcore "dreams will come true" era. He is a god, he will make it happen, and then some!

Our wildest most ecstatic dreaming brains can not even begin to comprehend the amazing fantastic stuff that is going to happen with Elite: Dangerous the coming years.
 
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korombei

korombei
I KNEW IT. Game is dead!!!!111! Frontier is dead111111111 ! I'm leaving!*


*but I'll be back every hour to create a thread about how horrendous/dead/dying the game and Frontier are while ignoring these hard facts.
 
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