Elite Dangerous and Planet Coaster maker Frontier Developments has said that its revenue for FY18/19 is expected to be two and a half times higher than the year prior.
In a release on its investor relations page, the Cambridge-based company said it had made £89m ($111.5m) in revenue for the 12 months ending May 31st, 2019, a 175 per cent increase on the £34.2m ($42.9m) it made the year before.
Frontier says that this is due to the success of Jurassic World Evolution, in addition to on-going revenue from 2014's Elite Dangerous and 2016's Planet Coaster.
The firm also says that its operating profit margin clocks in at 21 per cent for FY19, almost three times the eight per cent it was making the year prior.
"We have had our best ever year in terms of our financial performance, which is a testament to the skill and hard work of our amazing team, our strategy of nurturing our titles post‐launch over many years, and to the ongoing support of our worldwide communities of players," said founder and CEO David Braben (pictured).
"We are really excited about delivering our next game, Planet Zoo, later this year. The reception we have had from the community has been excellent and we are looking forward to introducing them to the most authentic animals in video game history.
"Our development roadmap is looking really good. We are also making great progress with our Frontier Publishing initiative, with our first partnership announced last week, with highly experienced developers Haemimont Games. We are in an excellent position for the future."
Both Planet Coaster and Jurassic World Evolution have sold in excess of two million copies since their launches as of December 2018. The company announced its fourth self-published IP Planet Zoo in April. Interestingly, this is one of nine trademarks that Frontier filed in 2018 with the word 'Planet' in.
Last week, Frontier announced that it was releasing Haemimont's forthcoming title. This is the first third-party publishing deal that the Elite Dangerous maker has revealed.
