Revenue and profit are on the rise at Team17, the independent games developer with offices in Wakefield, Nottingham, and Manchester.
According to unaudited results for the six months ended 30 June 2024 (H1 2024), revenue grew to £80.6m, up from £72.4m in the same period last year.
Pre-tax profits, meanwhile, increased to £12.4m from £8.1m.
Nine new games were launched, which included three new apps during the period, while four existing games were released on additional platforms.
Steve Bell, CEO of Team17, said: “I am pleased with the Group’s performance during the first half as we continue to focus on driving sales through first-party IP titles and across our extensive portfolio, with strong demand for our games and apps across the Group.
“I’d like to thank Ann, Tim, Julia, Emmett and the rest of the leadership team for their support in leading our Group, as well as all of our people and development partners. Their passion, dedication and knowledge are fundamental to making our business a success, and I am grateful to all for their contribution.
“Looking ahead, there is significant growth potential in our core markets – Indie, edutainment and working simulation games. Our focus on creating a portfolio of games and apps with evergreen longevity, and leveraging our excellent lifecycle management capabilities, ideally positions us to capitalise on this and build a lifetime of play within our growing portfolio and player base.”
