Gaming

Team17 first-half profit up 5% following release of new video games | 14 September 2021 – Stock Market Wire


StockMarketWire.com – Video-game developer Team17 posted a 5% rise in first-half profit after the release of six new titles helped boost sales.

Pre-tax profit for the six months through June increased to £14.0 million, up from £13.3 million, as revenue climbed 3% to £40.1 million.

The company said its content portfolio now comprised over 500 digital revenue lines spanning a broad range of genres and platforms.

Chief executive Debbie Bestwick said she was pleased with the results, given the corresponding period had benefitted from ‘the one-off impact of the global pandemic and large swathes of global lockdowns’.

Story provided by StockMarketWire.com





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