Digital Bros Q3 FY2020/2021 Results Presentation

Key insights

7 takeaways

01
Digital Bros reported strong Q3 FY2021 growth, with gross revenue increasing 16.4% to €115.4 million and net profit tripling to €20.3 million compared to the same period in 2020.See it on page 11
02
The company is heavily reliant on digital marketplaces, which now account for 90% of total revenues, while 96% of all sales are generated outside the Italian market.See it on page 11
03
The group is executing a long-term investment plan, with projected annual investment spending rising from €14.3 million in FY21 to €28.9 million by FY24 to fund new IP development.See it on page 6
04
Assetto Corsa remains a core asset with 12 million copies sold and €66 million in revenue, with a second version currently in development for a 2024 release.See it on page 23
05
Digital Bros acquired the Australian studio Infinity Plus 2 in January 2021 for $4.5 million plus a $10 million earn-out scheme to bolster its puzzle and strategy game portfolio.See it on page 20
06
The company is shifting its business model toward internal IP ownership, with the share of revenues from internal studios or owned IP projected to grow from 19% in FY18 to 55% by FY24.See it on page 8
07
Key titles continue to drive performance, including Bloodstained: Ritual of the Night with €30.2 million in lifetime revenues and the PC version of Death Stranding, which is expected to exceed €50 million in lifetime revenues.See it on page 25

Summary

WE DEVELOP, PUBLISH AND DISTRIBUTE Digital Bros MULTIPLATFORM VIDEO GAMES digital entertainment 250 talented employees worldwide to create the next big games ▪ STUDIOS: ▪ PUBLISHING: DR KUNOS 505 SIMULAZIONI INFINITYPLUS2 GAMES Creation and development of video games based on IP scou...