Everplay, Parent Company of Team17, Sees 10% Profit Surge in 2025

Everplay, the parent company of Team17 Digital, has released its comprehensive financial report for 2025, highlighting steady revenue and a notable 10% increase in gross profit. The company, which rebranded from Team17 Group in June and welcomed Mikkel Weider as CEO in January 2026, has detailed its financial performance. Key takeaways include: revenue of £166 million, remaining flat year-on-year, and gross profit of £76.3 million, which saw a 10% year-on-year increase. Everplay attributes the flat revenue to the cessation of low-margin direct physical game distribution, which significantly enhanced its gross margin. Excluding physical game distribution, the company experienced a 5% revenue increase. New releases played a significant role in boosting revenue by 80%, with 11 new titles launched in 2025, including notable games such as Date Everything, Sworn, Firefighting Simulator Ignite, and Lego Bluey. While the back catalogue performance, which accounts for 65% of total revenue, did not match the exceptionally high levels of 2024, it still delivered double-digit growth compared to 2023. During the fiscal year, Everplay made strategic acquisitions, including a minority stake in Battalion developer Bulkhead and the rights and assets of the Hammerwatch franchise. The company also secured long-term publishing rights for seven previously published titles. Examining Everplay's divisions, Team17 saw an 8% increase in total sales, reaching £106 million, driven by six new games that resulted in a 700% rise in new-release revenue. Date Everything, launched in June 2025, has attracted over 750,000 players. Astragon's revenue declined by 33% due to the cessation of low-margin direct physical game distribution, but without this factor, the decline would have been 18%. StoryToys reported a 25% increase in revenue, supported by one new app launch and 740 app updates, including the successful launch of Lego Bluey, which surpassed one million downloads in its first month. Looking ahead, Everplay is confident in its ability to deliver profitable growth in FY 2026 and beyond, driven by a strong new release lineup and strategic partnerships. CEO Mikkel Weider expressed his enthusiasm for the company's long-term potential, citing the benefits of the portfolio strategy and the hard work of the teams in achieving double-digit profit growth.