British developer and publisher Team17 has published its financial report for the first half of 2023. We share the highlights from it.
- The company revenue grew by 31% compared to January-June 2022. It amounted to $85.54 million.
- The company’s gross profit also increased, up 18% to $37 million.
- The company reported a 9.3% drop in EBITDA to $20.25 million, which it said was due to higher marketing costs associated with the release of new games.
- Team17 published five new titles in the first half of the year, King of the Castle, Dredge, Trepang2, Killer Frequency and Summon Quest. It also released Worms W.M.D: Mobilize on smartphones and Batora: Lost Haven on Nintendo Switch.