Digital Bros H1 FY2025 Investor Presentation

Key insights

7 takeaways

01
Digital Bros reported a net loss of €3.5 million for H1 FY2025, a 45.6% improvement compared to the €6.4 million loss in the same period of the previous year.See it on page 2
02
Despite an 8.7% decline in total net revenue to €43 million, EBITDA grew by 35.3% to €13.1 million, driven by a 32.8% reduction in operating costs following a 35% workforce downsizing.See it on page 9
03
The company is shifting its strategy from a general 'AA' publisher to focusing on specific market verticals, with 34% of revenue currently derived from single-player adventure RPGs and 32% from sim racing.See it on page 6
04
Digital Bros resolved a long-standing contractual dispute with Starbreeze AB in February 2025, resulting in the release of a €1.2 million arbitration provision and a settlement that concludes their commercial disagreement.See it on page 16
05
The company's upcoming release pipeline includes 'Blades of Fire' on May 22, 2025, and the highly anticipated soulslike RPG 'Wuchang: Fallen Feathers', scheduled for Q1 FY2026.See it on page 13
06
The business is phasing out its legacy Italian retail distribution operations to prioritize high-margin, owned intellectual properties and long-term revenue predictability.See it on page 4
07
Full-year revenue for FY2025 is expected to decline year-over-year, though the company anticipates increased cash generation and improved financial debt levels heading into H1 FY2026.See it on page 10

Summary

Digital Bros creates, develops, and publishes video games for all Consoles, PC, Mobile and Streaming platforms, and distributes them worldwide Listed on the Euronext STAR Milan, Digital Bros operates in both the Premium Games and Free to Play market segments through two separate business units 35+ 7 9 Years of Experience Development Studios different Countries FY2024 Revenue Premium Games FY2024(1) EBITDA 2 12 6 PUBLISHING STUDIOS ...