Devolver Digital, Inc. Equity Research & Stock Reports

Equity Research, Broker Reports, and media content on Devolver Digital, Inc.

Access the latest forecasts, broker valuations, multiples, and video content from the city about Devolver Digital, Inc.
See live updates from analysts, company announcements, and other news in a personalised/single dashboard

19 Apr 24

Audio Note: Devolver Digital - Rebuild year

Premium

18 Apr 24

Hybridan Small Cap Feast - 18 April 24

18th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radical Limited for

Companies: AYM SUN RENX KEYS GWMO BVC CEG DEVO LBG

Hybridan

18 Apr 24

Devolver Digital (DEVO LN) - Rebuild year

Devolver Digital encouragingly delivered 2023 results slightly ahead of expectations and provided a steady medium-term outlook that leads us to reiterate our 2024 Adjusted EBITDA estimates. Longer term, the company is now planning to further develop its two major planned titles, Human Fall Flat 2 and System Era's next major new release. We now expect those major titles to be released in 2026 rather than 2025, meaning we lower our 2025 Adjusted EBITDA forecast to $10.6m from $17.6m but introduce

Companies: Devolver Digital, Inc.

Zeus Capital

31 Jan 24

Hybridan Small Cap Feast - 31 Jan 24

31st January 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

Companies: SKL ING IHC INSE DXSP DCTA DEVO DEVO DEST CORO

Hybridan

31 Jan 24

Devolver Digital (DEVO LN) - Update: Management changes, impairment and revenue mix

2023 revenue, Normalised Adjusted EBITDA and net cash are expected to be in line with our estimates. However, the company is impairing an additional asset (c. $1.6m) in 2023, after the disappointing launch of a game at its Good Shepherd subsidiary. For 2024, the company’s revenues appear more weighted towards third-party titles with lower margins. Therefore, we lower 2024 Normalised Adjusted EBITDA to $7.9m from $11.8m. Devolver’s CEO has stepped down and been replaced by Harry Miller, previousl

Companies: Devolver Digital, Inc.

Zeus Capital

04 Jan 24

Zeus: Video Games Sector Quarterly review - January 2024

Subsector price performance: In the fourth quarter to 29 December 2023 all but the AAA publishers and platform subsector saw share price declines. The UK PC and Console focused subsector was again the worst performing subsector (-26.2%) over the quarter and LTM (-70.1%).

Companies: TBLD FDEV DEVO

Zeus Capital

06 Dec 23

Hybridan Small Cap Feast - 06/12/23

6th December 2023 Newly revamped “What’s baking in the oven?” and other features in Feast @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to s

Companies: GAL AAU QED IQG HAYD POW LIKE MAFL DEVO

Hybridan

02 Nov 23

Audio Note: Devolver Digital – New Era

Premium

01 Nov 23

Hybridan Small Cap Feast - 01 Nov 23

1st November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

Companies: WSBN SYS POLB OMG OHG HERC ECK DEVO DEVO

Hybridan

01 Nov 23

Devolver Digital (DEVO LN) - New Era

Devolver has acquired System Era Softworks, a highly complementary and accretive acquisition. The acquisition diversifies the company into Expandable Games* with higher quality revenues and adds live-operations technology and expertise. We conservatively add $4.0m to 2024 Adj EBITDA but see potential earnings upside from a planned major new game and growth toward historic revenue and Adj EBITDA. Devolver is paying only 5.5x our 2024 EBITDA estimate, excluding both consideration payments and earn

Companies: Devolver Digital, Inc.

Zeus Capital

03 Oct 23

Zeus: Video Games Sector Quarterly review - October 2023

Subsector price performance: In the quarter to 30 September 2023, all four subsectors saw mean average share price declines. UK PC and Console focused subsector was again the worst performing (-20.6%).

Companies: TBLD FDEV DEVO

Zeus Capital

26 Sep 23

Audio Note: Devolver Digital - H1: Performance at a trough, positioned for strong recovery

Premium

25 Sep 23

Devolver Digital (DEVO LN) - H1: Performance at a trough, positioned for strong recovery

Devolver’s accelerating release schedule positions the company for strong growth. The company released only one major title in H1 but plans two in H2 and five in 2024. Its imminent releases are seeing strong interest at key industry events. In addition, the company has initiatives to grow back catalogue returns whilst it has effectively kept cash operating expenses flat. As a result, the company is confident of returning to profitability in 2024 and accelerating growth in 2025. Shares appear und

Companies: Devolver Digital, Inc.

Zeus Capital

15 Aug 23

Software and Services - Sector Quarterly review - August 2023

The UK small cap technology index, defined here as the AIM All-Share Technology Index, peaked in the middle of 2021 along with the broader UK technology index, defined as the FTSE All-Share Technology Index

Companies: TIG BIG DEVO LBG

Zeus Capital

03 Aug 23

Devolver Digital (DEVO LN) - H1 trading update

A combination of game release delays, weakness in the back catalogue outlook and tougher market conditions for platform deals has led the company to downgrade its outlook.

Companies: Devolver Digital, Inc.

Zeus Capital