Elite: Dangerous Makes Big Profits For Frontier Developments

Frontier Developments today announced via its financial report for the last 6 months that its flagship title, Elite: Dangerous, has sold over 1.4 million and led the charge for the company to report pre-tax profits of £400,000 for the first half of 2015/2016.

According to the report Frontier Developments saw £10.9 million in sales over the course of 6 months, which equates to £7.8 million gross profit. The previous tax year the developers £6.8 million in revenue from the same period. The previous financial report showed a £1.9 million loss in the 6 months building up to November, with this recent report showing a huge improvement to £400,000 profit.

[quote cite=”CEO David Braben”]”All our development teams are now working on self-published projects and with the release of Planet Coaster in calendar Q4 2016 our investment phase will complete and we will be generating revenues from both our major franchises,” [/quote]

Source: GameIndustry

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