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Devolver Digital First Half 2023 Earnings: US$0.023 loss per share (vs US$0.037 loss in 1H 2022)

Devolver Digital (LON:DEVO) First Half 2023 Results

Key Financial Results

  • Revenue: US$43.9m (down 17% from 1H 2022).

  • Net loss: US$10.0m (loss narrowed by 39% from 1H 2022).

  • US$0.023 loss per share (improved from US$0.037 loss in 1H 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Devolver Digital Earnings Insights

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Entertainment industry in the United Kingdom.

Performance of the British Entertainment industry.

The company's shares are up 8.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Devolver Digital has 2 warning signs we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.