Devolver Digital has published a financial report for 2023. The company is still not making a profit, but its losses have decreased sevenfold.

Douglas Morin has left the post of CEO of Devolver Digital. His successor was Harry Miller, one of the founders of the company, who at one time already held the position of CEO.

A wave of layoffs has covered the Polish Artificer studio. According to Kotaku sources, on January 31, Artificer fired 25 people — about half of the staff. In the coming months, she intends to cut another 10-12 employees.

The American studio System Era Softworks has announced that it has a new owner. It became part of Devolver Digital.

On April 11, Devolver Digital published its financial report for 2022. Although the company reported revenue growth, investors were not very happy with the results.

The creators of the reversible urban planning simulator Terra Nil also revealed the circulation of their game. Studio Free Lives and publisher Devolver Digital announced that in just over a week the audience of the project exceeded 300 thousand people.

Publisher Devolver Digital has made a new purchase. The company announced that it included the American studio Doinksoft, known for the metroidvaniya Gato Roboto.

The creators of Cult of the Lamb mentioned this in an interview with SmartCompany. They said that the company surprised with its generosity — publishers often try to spend as little as possible, while Devolver Digital offered them $ 500 thousand instead of the requested $ 300 thousand.

The publisher thought that Cult of the Lamb would take at least a year to reach the current figures. Devolver Digital mentioned this in its latest financial report.

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%.

Last week, Devolver Digital officially became a public company. As a result of going public, the publisher raised $261 million at a valuation of $950 million. The company also announced the acquisition of three studios, including the authors of the Stronghold series.The publisher himself will get $50 million.

The publisher of Fall Guys and Loop Hero, the American Devolver Digital, is going to enter the Alternative Investment Market (also known as AIM, which operates at the London Stock Exchange) this Thursday. The expected public valuation of the company will be almost £700 million (or $956 million).

Indie publisher Devolver Digital is on the verge of entering the stock market. According to The Telegraph, the company intends to list on the London Stock Exchange. As a result, the publisher’s capitalization will amount to £1 billion ($1.4 billion).

The Russian bagel Loop Hero has performed well in sales. The game has sold over 500 thousand copies sold in just a week since its release.

Loop Hero is a bagel with indirect control from the Russian indie studio Four Quarters and publisher Devolver Digital. In just a day after the release, more than 150 thousand people played the game, and its peak online was almost 40 thousand.

Croteam Croatian studio has a new owner. Now the company’s assets belong to the publisher Devolver Digital. The amount of the transaction was not disclosed.

Fall Guys: Ultimate Knockout from Mediatonic launched on August 4 on PC and PS4. In the first day, it received 1.5 million players and 520 thousand simultaneous views on Twitch. The developers were not ready for such a success.

Devolver Digital has hired former App Store gaming business manager Mark Hickey. He took the position of vice president of the company for mobile publishing, reports Gamesindustry.biz .

Mike Wilson, a veteran of the gaming industry, believes that the corporate culture of large gaming companies is inhumane and harms their employees. Therefore, developers need their own trade union or a collective agreement with the employer.