Focus Entertainment FY 2022/2023 Results Presentation

Key insights

6 takeaways

01
Focus Entertainment achieved record-breaking FY 2022/2023 revenue of €194.1 million and EBITA of €28.4 million, marking year-over-year growth of 36% and 115% respectively.See it on page 1
02
The company is executing a strategy to increase owned and co-owned intellectual property to 50% of total revenue to improve margins and reduce third-party licensing reliance.See it on page 28
03
A development pipeline of 46 titles is scheduled for release over the next three years to support continued growth.See it on page 26
04
The company’s five-year compound annual growth rate of 11.4% consistently outperforms the broader video game market.See it on page 7
05
Focus Entertainment is currently ranked as the fourth-largest video game publisher globally.See it on page 10
06
Financial performance is driven by a combination of successful new title launches and the sustained commercial viability of the company's legacy game catalog.See it on page 20

Summary

Focus Entertainment achieved record-breaking financial performance during the 2022/2023 fiscal year, generating €194.1 million in revenue and €28.4 million in EBITA. These figures represent significant year-over-year growth of 36% and 115%, respectively, positioning the company as the fourth-ranked publisher globally. This expansion is supported by a five-year compound annual growth rate of 11.4%, which consistently outperforms the broader video game market. The company’s financial success is attributed to a combination of high-performing new title launches and the enduring commercial viability of its legacy game catalog.

The company is currently executing a dual-pillar growth strategy that balances internal studio acquisitions with external publishing partnerships. Central to this long-term vision is an ambitious development pipeline consisting of 46 titles scheduled for release over the next three years. A primary objective of this strategy is to increase the proportion of owned and co-owned intellectual property to 50% of total revenue, a shift intended to drive sustained margin expansion and reduce reliance on third-party licensing.

While the outlook remains aggressive, all forward-looking projections regarding future objectives are subject to inherent market risks and operational uncertainties. The company maintains a strict regulatory posture, limiting the distribution of its financial disclosures to professional clients under MiFID II standards. Furthermore, the dissemination of these results is prohibited in specific international jurisdictions, including the United States, Canada, Japan, and Australia, reflecting the company’s adherence to global compliance frameworks while it pursues its strategic expansion goals.