There is mounting evidence of a downturn in the computer games industry as the impact of pressures on consumer budgets and the wider choice of leisure activities coming out of the pandemic is being felt.The performance of relevant UK-listed firms is reflecting this reversal in fortunes, something the sector has in common with other 'lockdown' winners. The average decline from 12-month highs is...

-Sales up 14%, profitability hit by tough release window-Full year sales guidance maintained-Implies 32% full year sales growth Digital publisher and developer of independent video games Devolver Digital (DEVO:AIM) said revenue for the first six months of 2022 grew 14% year-on-year to $53 million.However, as highlighted in the June trading update increased administrative expenses and higher...

- 2022 Profit and revenue growth expectations downgraded- Sales growth slower than expected- Company expects to release 10-15 new titlesVideo games publisher and developer Devolver Digital (DEVO:AIM) has downgraded full year 2022 expectations for revenues and profits after experiencing slower than anticipated sales growth over the first five months of the year.Shares in the Austin, Texas-based...