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[Bullet Club]

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

 

[killatopak]

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

 

[Bullet Club]

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

The Worms games would probably be their most well known series.

 

[jonnyp]

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

Say that in an Amiga forum and you'll be keelhauled.

 

[mansoor1980]

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

 

[Sybrix]

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

Hell Let Loose is one of theirs:

 

[Dodo123]

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

 

[Kuranghi]

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.

 

[Nitty_Grimes]

Yeah, if Xeno Crisis worked then an Alien Breed certainly could.

 

[Holammer]

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

 

[RJMacready73]

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

 

[lh032]

i remember them, always make shitty games.

 

[GeorgPrime]

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

They published "My Time at Portia". Nice crafting simulation

 

[jigglet]

Worms games are so good. I should probably pick up the latest one on my Switch.