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An update from Team17 Group ( (GB:TM17) ) is now available.
Team17 Group plc has announced a successful trading update for the year ending December 2024, with revenues and adjusted EBITDA expected to surpass market expectations. The company also rebranded to everplay group plc, reflecting its growth since the 2018 IPO and its focus on expanding in complementary markets within the video games and apps industry. The rebranding aims to enhance cross-collaboration and operational synergies across its divisions while maintaining distinct brand identities. This move signifies everplay’s strategic commitment to growth and profitability by launching new games and maximizing back catalogue sales, ultimately aiming to enrich and inspire players worldwide.
More about Team17 Group
everplay group plc (formerly Team17 Group plc) is a prominent global indie games label developer and publisher of premium video games and apps. It operates through three divisions: Team17, astragon, and StoryToys. Team17 is known for its collaboration with indie developers and iconic games like Hell Let Loose, Worms, and Overcooked!. astragon focuses on working simulation games such as Construction Simulator, catering to a wide audience from enthusiasts to casual gamers. StoryToys specializes in educational entertainment apps for children under eight, featuring popular characters and stories like Disney Colouring World and LEGO® DUPLO® PEPPA PIG.
YTD Price Performance: 0.35%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $409.6M
For detailed information about TM17 stock, go to TipRanks’ Stock Analysis page.
