Team17 Reports Strong Growth and Positive Outlook

Team17 Group (GB:TM17) has released an update.

Team17 Group plc has reported a robust financial performance for the first half of 2024, with an 11% increase in revenue to £80.6 million and significant growth in both gross profit and earnings per share. The company has seen a 25% growth in its first-party IP, which now accounts for 42% of total revenues, and has experienced a 30% increase in back catalogue revenue. Despite a challenging new release market, the outlook remains positive with the Group’s management confident in delivering full-year results in line with market expectations, driven by strong back catalogue performance and new releases.

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