- 2022 Profit and revenue growth expectations downgraded
- Sales growth slower than expected
- Company expects to release 10-15 new titles
Video games publisher and developer Devolver Digital (DEVO:AIM) has downgraded full year 2022 expectations for revenues and profits after experiencing slower than anticipated sales growth over the first five months of the year.
Shares in the Austin, Texas-based company which listed on AIM in November 2021 sank 45% to 75p on Monday, reflecting the disappointing update.
>terrible immersive sim >terrible CRPG >terrible game Raphael is a fucking retard and Devolver deserves to eat shit for allowing him to make this piece of shit. It's no secret why the first game Arkane made without him got GOTY.
>AIM >Alternative Investment Market >a sub-market of the London Stock Exchange So we're actually laughing at Bongs losing money for investing in a company selling indie games, good to know.
Eli Baker
Investors, our financial downgrade is proof of failure, and I take full responsibility. I will strive to improve our financial status, so I'm asking you to pay up. Clearly, we are not seeing the proper investment from you, and our pussy-footing has cost us big-time.
She is sitting on a shelf behind me and I would never hot glue her lmao, you philistine
Jaxon Parker
Devolver Digital has not been well in recent years. Shadow Warriors 3 sucked and the fanbase still shitting on it. Carrion was disappointing.
Nicholas Nelson
desu I feel like devlover hasn't released a really good game in a while. been a couple small "oh that's kinda interesting" games, but nothing I've felt like buying
Anthony Brooks
DD is based though, they mostly release quality indie games
Easton Collins
Ngl, i expected Carrion to be their next big hit. But it fell flat instead.
