Interim figures from video games services provider and developer Sumo Group (LON: SUMO) do not reflect the underlying progress of the business. The video games sector is growing strongly and the pattern of the development and launch of games means that the year is second half weighted.
The global video games market is set to grow at 9% a year and could reach a value of $196bn by 2022.
Sumo provides the development services and expertise for the games publishers and it has also developed its own IP and a royalty stream. The group is in a strong position to be a consolidator.