Devolver Digital - 2024 in line and 2025 to continue improvements

Devolver Digital's 2024 FY24 results saw a return to adjusted EBITDA profitability as the company and its peers adjusted to post-pandemic market conditions. The H224 results continued that trend and, with a higher proportion of royalty-free first-party intellectual property (IP) and higher-margin front catalogue products set for release this year, 2025 profits should be able to grow further. The Switch 2 release is another potential welcome boost for 2025, suggesting that consensus forecasts are relatively well underpinned in an otherwise challenging gaming market.

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