Team17 said it was confident about its outlook as the video games developer recorded record first-half profit supported by new releases.

Pretax profit for the six months to the end of June rose 5% to £14m from a year earlier as revenue increased 3% to £40.1m. Revenue was boosted by titles released towards the end of last year and six new games released in the first half.

Debbie Bestwick, Team17’s chief executive, said: “Our performance during the first half of this year is a testament to the continued commitment and passion of our teamsters and label partners. I am delighted to report we’ve been able to continue the trend of delivering improved year on year results specifically considering the corresponding half record set the previous year.”

The company said it was confident about the second half after a “solid” start to 2021. Team 17 said it hired Michael Pattison from Sony Interactive Entertainment to run its Games Label unit from next month.

Team17 shares fell 1.3% to 785p at 12:51 BST.

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x