Strong Financial Performance
Revenues increased by 5% to £167 million, and adjusted EBITDA rose by 46% to £44 million, indicating strong recovery in profits and margin.
First-Party IP Revenue Growth
First-party IP revenues grew to 37% of total revenue, a 10% increase year-on-year, driven by strong performance from Hell Let Loose, Construction Sim, and Golf With Friends.
Record Community Engagement
Hell Let Loose saw a 90% increase in concurrent users, reaching a peak of 45,000, signaling strong community engagement.
Successful Rebranding to Everplay
The rebranding to Everplay was successful, simplifying the company structure and reducing internal and external confusion.
Back Catalogue Performance
Back catalogue revenue grew 27% year-on-year, contributing £144 million to total revenue, highlighting effective lifecycle management.
Astragon and StoryToys Growth
Astragon achieved 22% revenue growth while StoryToys reported 25% growth, with strong performance in first-party IP and new licensed apps.
Successful Strategic Initiatives
Strategic focus on evergreen brands, relationship building, and innovation is driving growth and efficiency.