Frontier Developments posts an operating profit of £1.2m for the year to the end of May - down from £1.6m last time.
Revenues fell to £21.4m - down from £22.8m - and EBITDA of £4.9m was down from £6.1m.
Chief executive David Braben said: "We have successfully transformed our business model, continued to improve and expand the Elite Dangerous offering, and are making good progress towards the release of Planet Coaster in November.
"The number of active Elite Dangerous players daily and monthly is consistently high. The game has strong and growing long-term support and a rich community behind it.
"The release of Plant Coaster will complete our transition, and the positive feedback we are seeing from the Alpha process gives us confidence it will drive revenues to a new level."
At 9:25am: (LON:FDEV) Frontier Developments Plc share price was +4.5p at 174p