The parent company of Team17, Everplay, announces a 10% rise in profits for 2025

The parent company of Team17 Digital, now known as Everplay, has disclosed its financial outcomes for 2025, showing unchanged revenue and a 10% rise in gross profit. The company had rebranded in June the previous year, accompanied by Mikkel Weider's appointment as CEO at the start of 2026.

Financial Metrics

• Revenue: £166 million, consistent with the previous year
• Gross Profit: £76.3 million, a year-on-year increase of 10%

The stagnant revenue is primarily due to the cessation of low-margin direct physical game distribution, which, however, raised its gross margin. If physical distribution is excluded, there was a revenue increment of 5%. New product introductions in 2025 contributed an 80% surge, with 11 new games launched including "Date Everything" by Sassy Chap Games and "Sworn" by Windwalk Games, among others.

The company acknowledged that while revenue from older titles, making up 65% of the total, didn't reach the high point of 2024, it still achieved growth in double digits compared to 2023. During the fiscal year, Everplay bought a partial stake in former Tencent subsidiary Bulkhead, in collaboration with Super Media Group and Hiro Capital.

Additionally, Everplay acquired the Hammerwatch series rights, multiple IPs from Bearded Brothers, and the publishing rights for seven previous games including "Operation: Tango" by Clever Plays. Team17 experienced an 8% surge in total revenue to £106 million, bolstered by new games resulting in a 700% increase in new-release revenue, with "Date Everything" attracting more than 750,000 players post-launch in June 2025.

Revenue dropped for Astragon by 33% after halting low-margin game distribution, equating to an 18% fall when excluding this change. Everplay expressed optimism for improved performance in 2026 with a shift in investment focus.

StoryToys saw a 25% rise in income to £30.4 million due to one new app introduction and numerous updates, notably the Lego Bluey app which surpassed a million downloads in its initial month.

Everplay is optimistic about another profitable year in 2026 and envisions sustained growth over the long term. CEO Mikkel Weider described his initial months positively and commended the group’s strategy for substantial profit growth, despite some areas underperforming expectations. Looking forward to a productive 2026, Weider anticipates a strong release schedule packed with new and collaborative titles such as "Wardogs."