14 September 2021

Revenue and pre-tax profits have increased at listed game developer Team17 during the first half of its financial year.

The Wakefield-headquartered business reported a revenue of £40.1m for the six months to 30 June 2021, up from £38.8m in the same period of 2020.

Pre-tax profits went from £13.3m to £14m.

Chief executive Debbie Bestwick 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.

"Alongside the acquisition of the GWYF IP in January, the recent acquisition of StoryToys improves the breadth of our offering across the gaming space and brings an exceptional team with additional skill sets into the group.

"I'm very pleased to share today that we have further strengthened our games label team with a very high-profile executive hire in Michael Pattison, who joins from Sony Interactive Entertainment as chief executive of our games label from next month.

"Sadly, earlier this year, we said goodbye to one of our teamsters, Troy Horton, who passed away suddenly and unexpectedly and we'd like to dedicate this year to him and the amazing legacy he leaves within each of us. He was a UK gaming legend but also an inspiration to each and every one of us here at Team17.

"I'd also like to thank our exceptional business partners who over the last 18 months have worked tirelessly to ensure we have delivered our games on time in very challenging times."

Source:Results rise at Team17 | Yorkshire | Insider Media