Focus Home Interactive: H1 2019-20 Results and 3Q 2019-20 Revenues

Key insights

6 takeaways

01
Focus Home Interactive achieved an 80% revenue increase to €79.8 million in H1 2019-20, with net income rising 178% to €9.2 million.See it on page 1
02
Digital distribution is the primary revenue driver, accounting for 84% of total sales, while 57% of revenue is generated in North and South America.See it on page 4
03
The company projects significant future growth, targeting revenues of €110–€130 million by March 2021 and €150–€200 million by March 2022.See it on page 10
04
Back-catalogue performance remains a key growth pillar, contributing to a 145% revenue increase in older titles compared to the previous year.See it on page 8
05
The release of 'Greedfall' and a balanced portfolio strategy helped drive 17% overall growth by the end of the third quarter.See it on page 8
06
The firm is securing its future content pipeline through new partnerships and renewal agreements with developers including Saber Interactive, New World Interactive, and Sumo Digital.See it on page 9

Summary

Focus Home Interactive demonstrates significant financial growth for the first half of the 2019-20 fiscal year, characterized by an 80% revenue increase to €79.8 million compared to the same period in the previous year. This performance is underpinned by a strong shift toward digital distribution, which accounts for 84% of total sales. Geographically, the company maintains a robust international presence, with 57% of revenue generated in North and South America, followed by 29% in the EMEA region.

Operating income for the first half reached €13.5 million, a 92% increase, while group net income rose by 178% to €9.2 million. This growth is driven by a balanced portfolio strategy that leverages both new catalogue releases and a high-performing back-catalogue. By the end of the third quarter, the company reported a 17% overall growth, bolstered by the successful launch of Greedfall and sustained momentum in older titles, which saw a 145% increase in revenue compared to the prior year.

The company’s business model relies on financing and publishing diverse video game genres across all major platforms through collaborations with independent studios. Looking forward, Focus Home Interactive maintains a positive outlook, projecting revenue between €110 million and €130 million by the end of March 2021, with further growth to €150 million–€200 million by March 2022. The firm continues to secure its pipeline through a series of renewal agreements and new project partnerships with developers such as Saber Interactive, New World Interactive, and Sumo Digital, ensuring a steady stream of content for upcoming fiscal periods.