Frontier delivered FY26 results ahead of recently upgraded expectations. The company’s strategy of focusing on the Creative Management Simulation (CMS) market and releasing a combination of free updates and paid downloadable content (PDLC) to increase engagement over time has been rewarded with high player retention, strong sales and robust ROI. The company also expects a positive start to FY27, but has conservatively kept guidance unchanged. We see the potential for earnings outperformance with ....
