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Team17 reports record revenues of £40.1m in H1

Bullet Club

Banned

Team17 reports record revenues of £40.1m in H1​


Profit before tax hits £14 million, net cash up 32% to £66.6 million

UK publisher Team17 has released its financial results for the first half of the year, reporting record revenues for another year running.

The firm saw revenues rise to £40.1 million in H1 ended June 30, a 3% increase on the record high of £38.8 million reported during the same period in 2020.

Profit before tax also went up by 5% to £14 million, up from £13.3 million in H1 2020. Gross profit also went up to £20.2 million, an increase of 10%.

At the close of the six months, the company reported net cash and cash equivalents of £66.6 million, an increase on the £50.4 million in H1 2020.

Increases across the board were driven by a series of releases across 2021, including Rogue Heroes, King Of Seas and Hokko Life, which launched in February, May and June, respectively.

The company also released existing titles Overcooked! All You Can Eat and Worms Rumble onto additional platforms in March and June.

In January, Team 17 spent £12 million on the rights and assets for Golf With Your Friends, developed by Australian studio Blacklist Interactive.

The publisher also recently acquired educational games studio StoryToys for $26.5 million, which specialises in educational mobile games for children.

Source: Games Industry
 

Dodo123

Member
Not gonna lie, I don‘t know who they are or what games they have developed but good for them.
TatteredSerpentineAchillestang-size_restricted.gif
 

Kuranghi

Member
a new alien breed god damn it ................i want it

Yeah, I hope they can use that money to bring back their old franchises with a decent budget, seems like maybe people aren't into Worms anymore but Alien Breed could totally be reimagined, keep the core of it obviously.
 

Holammer

Member
Team 17 feel like Devolver Digital's quiet brother. Both have an eye for and publish winners, but still take risks.
 

RJMacready73

Simps for Amouranth
Just give me a worms mobile game, like the originals that allows me to play with mates on a turn by turn basis like Disc Drivin, that multiplayer format is excellent for playing with mates, take your move and send it off to the next person and you simply wait for the phone to buzz with your next go
 
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