Frontier Developments’ share value has fallen by twenty percent due to poor sales of Warhammer Age of Sigmar: Realms of Ruin.
The last game in the franchise developed by the British company was published on November 17 on PlayStation 5, Xbox Series revenue, falling from £108 million to £80-95 million for the current financial year, which ends May 31, 2024.
However, Frontier has also assured that some older titles in its catalog, such as Jurassic World Evolution 2, “continue to work well.” This, added to the fact that they are also known for games like Planet Coaster or Planet Zoo, has made the management focus more on launching new management simulators. There will be three, specifically, one for each of the next three fiscal years.
The British company will also continue to support Elite Dangerous and Realms of Ruin with new content, as well as betting on the F1 Manager franchise. From Realms of Ruin, despite low initial sales, they hope to increase traction with the release of new content, including paid DLC.
Frontier Developments announced a “reorganization” last month that has led to a freeze on new hiring, spending cuts and layoffs. The goal is to return to profit in the following fiscal year.
Its CEO, Jonny Watts, said: “I am confident that our renewed focus on CMS will return Frontier to a profitable path, offering stimulating games to our players and providing opportunities to our people. I want to thank our people and our shareholders for their patience and support in this complicated period of change.”