Team17: record revenues in the new status of the company

The past year for the British developer and publisher Team17 became the first as a public company, therefore it is doubly interesting to look at their financial report. Both key indicators have updated the records of the creators of Worms: revenue amounted to £ 46 million (+46%), profit - £19.8 million (+18%).
The increase in sales of games from third-party developers favourably influenced the profit margin (46%) of their own indie label Team17. This year, they can closely engage in acquisitions or concluding transactions: the British have £23.5 million in cash or other equivalents for this matter.

The year was generally saturated for the company. There were 12 launches, of which seven belong to the new IP, four - ports to other platforms and one full-fledged sequel - the continuation of the culinary cooperative Overcooked.

CEO Team17 Debbie Bestwick emphasized that now there are more opportunities openly before the industry than ever before, thanks to the proliferation and openness of digital distribution platforms. The studio already has a clear release schedule for 2019.

After the IPO in May last year, Team17 shows a very good result for investors.
The information above cannot be considered as an investment advice and past results do not indicate future performance.
**Investors should have experience and understand the risks of losing all the initial investment.
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