TinyBuild on track after solid first half

Video games developer TinyBuild said on Monday that its first half performance was in line with expectations, as it signed seven new games, taking the current pipeline to 26.

The AIM-traded firm, which was holding its annual general meeting, reported “strong” catalogue performance, with its Secret Neighbor title reaching two million downloads on the iOS platform.

Its board said it was expecting to deliver “full-year” 2021 results at least in line with expectations.

“We are really excited about TinyBuild's progress in terms of organic growth, with major titles in our pipeline showing strong key performance indicators ahead of launch, including new titles such as Tinykin and the widely anticipated sequel of Hello Neighbor,” said chief executive officer Alex Nichiporchik.

“We remain focused on finding new games at different stages of development, and we continue to evaluate a number of merger and acquisition targets to help accelerate growth.

“2021 has started well, and we look at the future with confidence.”

At 0918 BST, shares in TinyBuild were up 2.33% at 220p.