Team17 Group PLC ( (TSVNF) ) has released its Q2 earnings. Here is a breakdown of the information Team17 Group PLC presented to its investors.
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Everplay Group PLC, formerly known as Team17 Group PLC, is a leading global independent developer and publisher of premium video games, simulation games, and children’s edutainment apps, comprising three distinct divisions: Team17, astragon, and StoryToys.
In its half-year results for 2025, Everplay Group PLC reported a 10% decline in revenue to £72.4 million, attributed to the timing of license revenues and new title launches, as well as a decrease in physically distributed sales. Despite the revenue drop, the company saw a 2% increase in gross profit to £33.7 million and a 16% rise in profit before tax to £14.3 million.
Key highlights from the period include a strong performance in new release revenues, which increased by 40%, and a strategic focus on back catalogue publishing rights, which is expected to drive new revenue streams. The company completed three acquisitions of intellectual property and back catalogue rights, enhancing its long-term growth prospects. Additionally, Everplay rebranded to reflect its evolution since its IPO in 2018.
Looking forward, Everplay Group PLC anticipates a strong second half of 2025, with new release revenues expected to be significantly higher, driven by the launch of new titles such as Date Everything!, LEGO® Bluey™, and Firefighting Simulator: Ignite. The company expects its full-year adjusted EBITDA to be slightly ahead of current market expectations, supported by a robust pipeline of new releases and ongoing back catalogue momentum.
The management remains optimistic about the company’s future, emphasizing strategic priorities such as increasing first-party IP, supporting core franchises, and developing new revenue streams to ensure continued long-term growth and profitability.