Festive season cheer for listed games developer
Wakefield-based video games developer Team17 says its portfolio of products performed well over the peak Christmas sales period.
The business has published a trading update for the year ended 31 December 2019, which notes particular success for its multiplayer games on Nintendo Switch.
The updates adds: “As a result, management now expects both adjusted EBITDA and revenue to be ahead of market expectations for the year ended 31 December 2019.
“Furthermore, the company continues to develop a solid portfolio of new original game IP launches in 2020, representing more than any previous year.
“The Group’s current pipeline for 2020 includes: Moving Out (SMG-Australia), Hammerting (Warpzone-Sweden), Neon Abyss (Veewo-China), Going Under (Aggro Crab-America), Rogue Heroes: Ruins of Talos (Heliocentric-America), Main Assembly (Bad Yolk Games-Sweden), The Survivalists (Team17-UK) and Golf with Your Friends on Console (Team17/Blacklight Interactive- UK/Australia).
“Additional titles will be announced during 2020. The company will report its full year results for the year ended 31 December 2019 on 10 March 2020.”
