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Frontier Developments – argues “in-line with guidance” and to “benefit from two major new game releases”, but is it really?

By Steve Moore | Wednesday 14 June 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Video games company Frontier Developments (FDEV) has made an announcement with a first headline “FY23 revenue (unaudited) of around £104 million, in-line with guidance provided in January 2023” and also including that this year “will benefit from two major new game releases: F1 Manager 2023 and Frontier's first real-time strategy game, Warhammer Age of Sigmar: Realms of Ruin, with both games on-track for release as planned”. So what of a current share price response more than 9% lower from a latest close of 583p?
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