Codemasters punches in record results

UK-based publisher and developer reports 38 percent climb in revenue for 2007 fiscal year on the tails of DiRT and Overlord; US growth spikes 332 percent.

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As the gaming sector continues its explosive growth, more and more companies are reaping record-setting revenues. Reporting on its full-year financials, Codemasters today announced that it had posted is best period since its inception in 1985. Codemasters posted group sales of $149 million for the year ended June 30, a 38 percent climb over the same period last year.

Driving growth for the period was a substantial increase in sales to the US market. As a result of signing a distribution agreement with Warner Bros. Home Entertainment in December 2006, Codemasters said sales of its titles had spiked 332 percent in the US and 150 percent across North America as a whole. The expanded reach of its titles combined with a "high percentage of full-price sales" in the US market accounted for more than 20 percent of the UK-based company's revenue.

Unsurprisingly, the Colin McRae-inspired rally racer DiRT and the humorously maniacal Overlord were Codemasters top titles for the year. Neither game had iterations in Codemasters' 2005-2006 fiscal year, where the company's releases included Toca Race Driver 3, RF Online, Sensible Soccer 2006, and Brian Lara International Cricket 2005. Other notable releases in Codemasters' 2007 fiscal year included Brian Lara International Cricket 2007 and hosting the European front of Turbine's The Lord of the Rings Online: Shadows of Angmar.

Codemasters is anticipating continued growth into next year, though it has received less-than-stellar reviews for its recently released Clive Barker's horror-themed shooter Jericho. Future releases for the publisher/developer include the alternate-history shooter Turning Point: Fall of Liberty, the bank-robbing crime sim Hei$t, the Greek mythos-laden action role-playing game Rise of the Argonauts, and a new installment in its Race Driver series. Codemasters also noted that it has ramped up investment in game production by $85 million, more than 150 percent of the amount it spent last year.

Discussion

45 comments
noah10
noah10

Go codemasters! lol(I love overlord lol.)

Homerj
Homerj

Glad to see another publisher getting rewarded for releasing innovative, quality games with great sales figures. Dirt is a whole hell of a lot of fun to play, and visually the best looking racer to be so far released (though some complain the light-bloom is a little overdone). Overlord was wickedly humorous fun, and I personally dont think Jerico deserves as much scorn as its gotten. This should be a clue to all the publishers...put out interesting games that take a few chances, and you will be financially rewarded (devs need to be taught that the EA way is not the right way).

-SlipSkull-
-SlipSkull-

I haven't played DiRT. Is it better than Motorstorm?

danielson2k
danielson2k

I wish they'd release their 8-bit back catologue from the 80's and early 90's. I'd love to play through the Dizzy games again...

makemeweak
makemeweak

Good for them - Overlord was amazing.

BadSushi
BadSushi

good stuff! its good to see game developers doing well, even if all of their games aren't all too great, DiRT is at least one exception..

lonelygamer360
lonelygamer360

really aches to think Clive Barker Jericho turned out like this, had expected a lot from that game.

DonutTrooper
DonutTrooper

I never knew about Codemasters before DiRT and Overlord came out. And while the profit seems pretty nice, it's kind of a slap to see Atari on life support. Well, at least Codemasters is earning its money by making good games that get people interested. Unlike someone....

_Pedro_
_Pedro_

great to see Overlord doing so well :)

zeus_gb
zeus_gb

Good for Codemasters, they've been struggling for years.

ObiKKa
ObiKKa

Funkyhamster "Codemasters is on a role this week... too bad a lot of their bigger-budget games aren't doing so great; a lot of their lower-budget games deserve more attention... they published Codename Panzer, didn't they?" No, I think that was CDV, the German publisher.

Zerosumgame
Zerosumgame

Codemasters got some good rally games, but nothing much since. Pretty sad stuff there.

brain20035
brain20035

[This message was deleted at the request of the original poster]

brain20035
brain20035

I like this company. i liked them since they released Operation Flashpoint

DGFreak
DGFreak

I hope this doesn't let them get cocky. If they start churning out mediocre games again, all of this success will leave them.

kori911
kori911

Dirt was an ok game, good on them.

Wayward_Son_88
Wayward_Son_88

They're making some great games. I remember Operation Flashpoint, that has to be my favorite game by them.

vass86
vass86

dirt was crap but overlord was a gem

RaiKageRyu
RaiKageRyu

It's not hard to have growth when you were nothing to begin with.

mashom
mashom

Sometimes perfect thing can be made, like codemaster some times good games.

jrmyecomp
jrmyecomp

I brought DiRT and Jericho I love DiRt more though, one thing is a given there games are graphically amazing minus Overlord, However DiRT and Jericho were gorgeous

MasterChief725
MasterChief725

good job, keep churning out more games like DiRT. It rocked

uklegendkiller
uklegendkiller

That's great news for codemasters, they've released some great games this year Dirt & Jericho to name a few & if they keep releaseing titles like this i should be pushing for the top spot. Keep up the good work codies ;)

Timbydude
Timbydude

Codemasters either makes great games or crappy games...they're really all over the place.

vbdevpro
vbdevpro

Codemaster's making a mint off of the 360, just like all of thier third party developers. Keep em coming to the 360 and we'll keep buying them! :)

nemesis8722
nemesis8722

It's too bad they had to ruin all their great games to get them to sell.

Funkyhamster
Funkyhamster

Codemasters is on a role this week... too bad a lot of their bigger-budget games aren't doing so great; a lot of their lower-budget games deserve more attention... they published Codename Panzer, didn't they?

nicolasgb
nicolasgb

Stabby Yeah! Go Overlord! And theres mor eof that coming soon! Codemasters didn't develop it though, they're publishers. - Codemaster did not develop Overlord, true, but they are a developer, not only a publisher.

Hitamaru-homia
Hitamaru-homia

Dirt... PS3 version? cause thats the only one that was released this year.

Stabby
Stabby

Yeah! Go Overlord! And theres mor eof that coming soon! Codemasters didn't develop it though, they're publishers.

PostedOval
PostedOval

I find myself enjoying DiRT quite a bit. Lots of variety, great looking graphics and a ton of fun.

ObsidianArbiter
ObsidianArbiter

Wasted space in the gaming industry; every penny spent on their games could be spent towards the future production from amazing studios such as Bungie and Bioware instead of a mediocre Codemasters.

Tactis
Tactis

overlord is pretty good game

sonofabear17
sonofabear17

Overlord is awesome i cant wait for thr DLC

Partisan357
Partisan357

Nice to see a company that makes a lot of pc games making money. Don't forget to keep your titles pc friendly and i shall continue to buy. Even though overlord could have used better controls.

drangel_jam
drangel_jam

Most people don't really get Jericho. I think the atmosphere is very chilling, the gameplay is good enough for what it's trying to achieve. DiRT is still underrated, or should I say, under-hyped. It should have sold more. I think

Sokkratez
Sokkratez

I hope they're finding their GameTap partnership to be profitable. I know I'm loving it.

Lum_Yatsura
Lum_Yatsura

Jericho? Astounding graphics engine, that's for sure.

Betaslayer
Betaslayer

awesome I love overlord, and can't wait for rise of the argonauts.