Results are ahead of expectations at Team17 Group, the games developer with offices in Wakefield, Nottingham, and Manchester.
In a new trading update for the twelve months ended 31 December 2024, the business noted it had continued to trade well in the second half of the year, driven by an “improved” performance from new releases and “another excellent” performance in the back catalogue across the group.
The Christmas period also saw strong trading, with this momentum continuing into January.
As a result, Team17 expects to deliver 2024 revenues and adjusted EBITDA slightly ahead of market expectations.
The business has also announced a rebrand of the company to everplay group plc, “reflecting the evolution of the business following its IPO in 2018.”
Steve Bell, Chief Executive Officer, said: “I am delighted with the strong end to the year’s trading, and the momentum into 2025, which is further evidence of the success of our refocused strategic initiatives.
“I am grateful for the dedication of all our employees, whose continuing hard work has helped grow our revenues in 2024 to another all-time high. I look forward to sharing greater insight into our exciting plans for 2025 at the full year results in March.
“I am also excited to be unveiling our new Group brand today, which we believe better represents our business which has evolved greatly since the IPO and reflects our DNA to never stop playing.
“This rebrand not only creates an ideal backdrop to foster greater cross-collaboration internally, but also reflects our aspirations to expand our reach across complementary sectors within the broader indie market.
“Fundamentally, we want to create pioneering and captivating experiences that enrich and inspire players around the world, and I firmly believe everplay will become synonymous with creating games that deliver a lifetime of play.”
