tinyBuild, the premium video games publisher and developer, has released a trading update for the first five months of 2024, revealing sales slightly ahead of expectations.
tinyBuild shares were 2% higher at the time of writing.
The company’s performance offers a mixed picture for investors, with some positive indicators tempered by persistent market difficulties.
Revenue for the first five months of 2024 has marginally exceeded expectations, a welcome development given the tough time the company had last year.
tinyBuild has emphasised release schedule remains heavily weighted towards the second half of the year, and investors will hope these releases will do materially better than the disappointing launch of some titles this year.
Looking ahead, tinyBuild’s has several high-potential games in development. The company added one million new wishlists across its portfolio in the past month, a key indicator of future sales potential. However, management remains cautious, acknowledging the risks associated with new launches and maintaining a focus on cost control.