Wednesday, September 23, 2020

Record revenues for listed video games maker

Team17, the listed indie games maker, has posted record first half results with a rise in revenue and pre-tax profits.

Revenue for the company, which has a base in Nottingham and Wakefield, rose from £30.4 million to £38.8 million for the six months to 30 June 2020.

Pre-tax profits, meanwhile, rose from £10.4 million to £13.3 million. Adjusted EBITDA stood at £14.9 million – up from £12 million.

“2020 was always going to be a memorable year for myself and many at Team17. This year we celebrate our 30th anniversary and also the 25th anniversary for our beloved Worms franchise,” said Chief Executive Debbie Bestwick.

“I’m delighted to share yet another record start to our fiscal year from the Group in the first half of 2020.

“Our broad genre and platform agnostic portfolio shows the importance of inclusivity and variety in gaming.

“Be it at home with your family or online with our growing community across the globe, from single player or local co-op to massive online games, we truly have an exceptional portfolio that encourages more gamers than ever before to step into the worlds we create and enjoy our characters.

“We live the world of video games, it’s part of everything we do here at Team17 be it creating our worlds, introducing new characters or bringing communities together. None of this would be possible without our talented and growing team.

“I would like to say a special thank you to our Teamsters and label partners for their continued resilience, ingenuity and brilliance as we grow together to deliver our personal and corporate ambitions.”

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