Lockdown proves profitable for Warwickshire games developer

Codemasters

The extra hours in lockdown thanks to the global pandemic has been good news for Codemasters, the award-winning Southam, Warwickshire-based videogame developer and publisher specialising in racing games.

The company’s latest report and accounts show that revenues at the company reached £76 million with operating provides just shy of £16 million.

Trading since the start of the year has been particularly strong and the Board now anticipates that revenues will be significantly ahead of current market expectations.

These revised expectations are driven by the particularly strong performance to date both of the annual instalment of its Formula One title, F1® 2020, and the continued strength of the company’s growing back catalogue of games.

Fast & Furious Crossroads, released on 7 August 2020, has to date performed as anticipated, and the company reports that levels of pre-orders from retailers and consumers for the title launches scheduled for the remainder of the year also remain consistent with original expectations.

Developed by Slightly Mad Studios, a company bought by Codemasters late last year, Fast & Furious Crossroads expands the Fast & Furious universe with Vin Diesel, Michelle Rodriguez and Tyrese Gibson reprising their roles as Dom Toretto, Letty Rodriguez and Roman Pearce.

As well as its offices in Southam, Codemasters – established 34 years ago, also has offices and studios in Birmingham, Cheshire (Runcorn), London and an art facility in Kuala Lumpur.