Video games giant Team17 has reported a record-breaking performance in the first half of 2022.
Unaudited accounts saw the company grow revenues by 33 per cent to 拢53.2m and gross profit by 26 per cent to 拢25.5m in the first six months of the year.
Highlights of 2022 included a number of high quality acquisitions, the performance of StoryToys which now has more than 250,000 payable active subscribers, and a long-term extension with the LEGO Group for multiple apps over several years.
The second half of 2022 has already started well with the launch of Sweet Transit聽in July and聽Thymesia聽in August by Games Label.
Games Label plans to launch seven new titles in total in H2 including聽Marauders听补苍诲听Sunday Gold.
Team17鈥檚 acquisitions include fast-growing video game Hell Let Loose.
Debbie Bestwick is the chief executive officer of Team17 Group, which has bases in Wakefield, Nottingham and Manchester, and said: 鈥淥ur new acquisitions, led by our talented and committed management teams, have worked incredibly well together across all parts of the group, and we are all looking forward to a busy and productive second half.
鈥淭he group now has more evergreen first party IP’s than ever before, alongside a phenomenal back catalogue portfolio, and in StoryToys, a growing subscription revenue model.
鈥淣ew releases include additions to many established franchises and licensed global brands as well as exciting new original IP’s that are tracking well.
鈥淐omplementing our first half performance, we have made an encouraging start to the second half of FY 2022 and we remain confident about the group鈥檚 prospects going forwards.鈥�
Team17聽 is a global provider of games entertainment to a broad audience. The group now includes a games entertainment label and creative partner for indie developers, a leading developer of educational apps for children under the age of eight, and a leading working simulation games developer and publisher.