Revenue for the period was $38.8 million, a 24.8% decrease from the $51.6 million reported in the same period last year
LONDON: Video game publisher Devolver Digital Inc. announced Tuesday its unaudited financial results for the six months ended June 30, 2025, reporting a decline in revenue but affirming it is on track to meet its full-year guidance.
The company, known for publishing independent games, cited a tough comparison to the first half of 2024, which was boosted by strong platform deals and back-catalog sales. Revenue for the period was $38.8 million, a 24.8% decrease from the $51.6 million reported in the same period last year.
Despite the drop, the company highlighted a resilient performance from new game releases and a promising pipeline for the remainder of the year.
“We have good visibility on the second half of the year, supported by signed platform deals, Steam publisher and seasonal sales, a healthy release schedule and strong current trading since the half year end,” said Harry Miller, Chief Executive Officer of Devolver.
The company’s net loss for the period widened to $11.0 million, compared to a $4.5 million loss in the first half of 2024. Devolver attributed this primarily to non-cash accounting impairments.
Key to the company’s confidence are at least eight new titles scheduled for release in the second half of 2025, including “BALL x PIT” and “Quarantine Zone.” Devolver also expressed excitement for the potential of Nintendo’s upcoming Switch 2 console, noting three of its games were featured in a recent Nintendo Direct showcase.
Devolver reiterated its full-year 2025 guidance, expecting revenues to exceed $100 million. The company also has a healthy pipeline of more than 30 new titles slated for release through mid-2027.