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Record growth for Yorkshire games developer in first results since IPO

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Team17, the Wakefield-based games developer, has reported a record performance in its first results since its initial public offering (IPO) earlier this year.

The company, which is behind games including the iconic Worms franchise, grew revenue by 48% to £15.4m for the six months ending June 30th.

Adjusted EBITDA also increased by 36%, to £4.9m.

Team17 floated on the London Stock Exchange in May, raising £107.5m through a significantly oversubscribed fundraising.

My Time At Portia, the first game published by the group with a Chinese label partner, launched in January with Overcooked 2 following in August.

Debbie Bestwick MBE, chief executive of Team17, said: “We are delighted to announce our maiden interim results as a public company, further demonstrating the strong progress we are making as a business.

“Following our successful IPO, we have a strong base from which to push forward with the business, and continue to grow the footprint and our international fan base. We continue to strengthen our international relationships and work with independent developers on exciting new games, and through lifecycle management, ensure the longevity of our back catalogue.”

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