Story
Everplay Reaffirms FY26 Guidance on H1 Performance and Upcoming Game Slate
Summary
The video game company confirmed it expects to meet market expectations for FY26, projecting revenue of £175.3 million and EBITDA of £50.7 million, supported by a strong slate of second-half game releases.
Everplay has reiterated its confidence in meeting full-year market expectations for fiscal 2026, citing a solid first-half trading performance and a pipeline of major releases scheduled for the second half of the year.
Full-Year Outlook Confirmed
The company announced it is on track to deliver revenue growth of 6% to £175.3 million and EBITDA growth of 5% to £50.7 million for FY26. Everplay noted that its EBITDA delivery is expected to be weighted toward the second half of the fiscal year.
First-half performance was bolstered by new game releases, the resilient performance of its back catalogue's key franchises, and contributions from titles released in FY25, according to the company's trading update. Summer sales also provided a boost to trading.
Second-Half Release Pipeline
The majority of Everplay's major releases for the year are slated for the second half. This includes key first-party titles and third-party published games that are expected to be significant performance drivers.
AdKey upcoming releases include:
- Hell Let Loose: Vietnam (First-party)
- Bus Simulator 27 (First-party)
- Wardogs (Third-party)
- Silver Pines (Third-party)
The launch of *Hell Let Loose: Vietnam* is now scheduled for August 13, a delay from its original June date. The company stated that wishlist and pre-order figures for the title are "highly encouraging" following a cross-platform playtest last weekend.
Financial Context and Valuation
Everplay maintains a net cash position, focusing its strategy on developing higher-return, first-party intellectual property through a low-investment development model. From a valuation perspective, the company currently trades at 5.5x its forecasted FY26 EV/EBITDA, which compares to a historical average in the mid-teens for the firm.
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