Yesterday, Devolver Digital reported that during the first five months of 2022, its new games were selling slower than expected. According to the publisher, the reason was high competition and some “special factors” that were different for each of the projects. After the release of the statement, the value of the company’s shares immediately collapsed by 48.72%.
At the close of the exchange, Devolver Digital shares were trading at a price of £0.7 ($0.85) apiece.
Note that in the message Devolver Digital also indicated that it expects an increase in marketing and other expenses. Nevertheless, by the end of 2022, she expects to earn $130-140 million, which is 30% more than last year.