Team17 Semi-annual Report: Five new games and $85.54 million in revenue
The British developer and publisher Team17 has published a financial report for the first half of 2023. We share the main thing from it.
▪️Team17 revenue increased by 31% compared to January-June 2022. It amounted to $85.54 million.
The company’s gross profit also increased by 18% to $37 million.
▪️Team17 reported a 9.3% drop in EBITDA to $20.25 million. According to her, this was due to the increase in marketing costs associated with the release of new games.
In the first half of the year, Team17 published five new products: King of the Castle, Dredge, Trepang2, Killer Frequency and Summon Quest. She also released Worms W.M.D: Mobilize on smartphones and Batora: Lost Haven on Nintendo Switch.
