26 June 2026

Devolver Digital, Inc.

("Devolver Digital", "Devolver" or the "Company")

Trading Statement

Devolver Digital, an award-winning digital publisher and developer of independent ("indie") video games,

provides an update on current financial performance for the half year ending 30 June 2026 ("1H 2026") and outlook for full year 2026.

1H 2026 performance has been ahead of expectations with a very strong revenue performance expected to be at least 60% higher than 1H 2025, with underlying Adjusted EBITDA projected to reach mid single-digit US$ millions. The favourable year-on-year comparison is in part due to the Devolver Steam Publisher sale being held in 1H 2026, in addition to a positive start to the year with 3 Top 10 Global Best Sellers on Steam in January.

In June, Devolver's subsidiary System Era released STARSEEKER: Astroneer Expeditions into Early Access with a significant platform deal accompanying the launch. Unit sales have been disappointing so far but review scores are improving and there are regular content updates planned for August and through to the end of 2026 which the Board believes can re-energise the game. Separately, we are encouraged by our strong lineup in the second half of the year. Subsidiary studio Firefly enjoyed a very positive response to its announcement of Stronghold 4, building 250,000 wishlists in just two weeks. Equally encouraging is the interest in other games slated for 2H 2026, Warhammer 40,000: Boltgun 2 (c. 260,000 wishlists) and Shroom and Gloom (c. 220,000 wishlists).

The strong 1H 2026 performance and the positive response to pending games are expected to combine to build a profitable cushion although this will be offset by the slower than expected initial launch of STARSEEKER. We will provide further details on 1H 2026 performance and guidance for the full year 2026 at the time of the Company's half-year results in late September 2026.

The 2026 Annual Meeting will be held this afternoon at 4:00pm BST and results of the meeting will be issued upon its conclusion. The 2025 Annual report and Accounts are available on, and can be downloaded from, Devolver Digital's investor website at investors.devolverdigital.com.

About Devolver Digital

Devolver is an award-winning video games publisher in the indie games space with a balanced portfolio of third-party and own-IP. Devolver has an emphasis on premium games and has published more than 150 titles, with more than 30 titles in the pipeline scheduled for release over the next three years. Devolver has in-house studios developing first-party IP titles and a complementary publishing brand. Devolver is registered in Wilmington, Delaware, USA. 

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