Codemasters' H1 revenue doubles year-on-year

Codemasters' H1 revenue doubles year-on-year

Racing specialist Codemasters saw its revenue double year-on-year for the six month period ending September 30th.

In a trading update about the period, the company boasts of £80.5m ($104.2m) for the first half of the 2020/21 fiscal year, an increase on the £39.8m ($51.5m). During this time, digital sales represented a 73 per cent slice of the total, a jump of more than 10 per cent from the 61.7 per cent it took up last year.

As expected, Codemasters says that this is down to the COVID-19 coronavirus pandemic, which has accelerated the shift to digital sales as people have been stuck at home.

During the first half of this fiscal year, Codemasters released Project CARS 3 and Fast and Furious Crossroads, both from Slightly Mad Studios, which it snapped up last year. These titles were published by Bandai Namco, with Codemasters saying that the revenue they generated was "in line" with its expectations.

The full report for the first half of fiscal year 2020/21 is set to be published on November 23rd.

PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.