Focus Home Interactive Benefited From a Good Momentum With Organic Revenue Up 29% for the 1st Semester 2020/21 - Seite 2

John Bert, COO, added: “We are very proud of the performance this quarter with the back-catalogue compensating for the absence of major releases. Our very good first quarter catalogue revenue, along with our strong back-catalogue performance in the first half-year, demonstrated the Group’s unique ability to identify and publish major successes while extending the lifespan of our games. However, we continue to evolve in an uncertain business environment with the COVID-19 crisis and subsequent restrictions continuing to weigh on the development process of our games. Consequently, some titles might be delayed.”

Solid performance driven by back-catalogue momentum

For the first six months of the fiscal year and including revenues generated by Deck13 Interactive GmbH (Deck13), Focus Home Interactive reported revenues of €103.6M, an increase of +30% in comparison with the same period last year and +29% at constant scope. This performance has been driven by a stunning first quarter and a very strong momentum in back-catalogue with sales up +81% during the semester. Digital sales accounted for 91% of total sales for the first half of 2020/21 compared to 84% for the same period last year.

During the second quarter 2020/21, Focus Home Interactive managed to generate organic growth despite a tough comparison basis with 2Q revenue up +135% in 2019/20 and a limited number of new major games launched. The catalogue reached €11.9M of revenue thanks to SnowRunner, Hardspace: Shipbreaker - early access and the good performance of Othercide and Necromunda Underhive Wars. Meanwhile, Focus Home Interactive’s back-catalogue exceeded expectations, with revenue up +81% to €26.7M thanks to the very good sales of Farming Simulator, Greedfall and World War Z, demonstrating once again the capacity of the Group to generate revenues during the life cycle of its games.

The acquisition of Deck13 was finalised on 25 June 2020 and the contribution of the studio to Focus Home Interactive is €0.7M in revenue during the second quarter 2020/2021.

New studios partnerships

Focus Home Interactive pursued its active development and announced two new partnerships in the recent weeks.

On 29 September 2020, Focus Home Interactive announced a new partnership with Flying Wild Hog. Based in Poland, the studio is known for its smash hit Shadow Warrior series. Bringing over ten years of expertise in creating some of the very dynamic titles on the market, this collaboration sees the studio developing their most ambitious game to date.