Codemasters set to more than double half-year revenue

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Revenue at Warwickshire-headquartered video game developer Codemasters is expected to more than double when the listed company announces its half-year results.

The business is set to report a revenue of about £80.5m for the six months to 30 September 2020, up from £39.8m for the same period in 2019.

Its adjusted EBITDA is also expected to rise from £9.4m to about £21m.

Digital sales as a proportion of revenue continue to increase, representing 73 per cent of total sales in the period, up from 61.7 per cent as Covid-19 impacted the sales mix and accelerated the shift to digital delivery, resulting in an improved gross margin of 92.9 per cent compared to 89.3 per cent.

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 link source - Insider Media

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