23rd Jan 2025 10:28
Team17 Group PLC - Wakefield, England-based developer and publisher of video games, working simulation games, and children's edutainment apps - Will change name to everplay Group PLC, effective in early February, with its exchange identifier changing to EVPL from Friday. Team17 says the name change reflects its growth since its 2018 listing into three distinct divisions within the video game and app industry. "everplay provides the group with a name that reflects its purpose to never stop playing, as well as its creative drive to deliver a lifetime of play," it says. Team17, StoryToys and astragon will continue under their own brands.
Turning to 2024 results, Team17 says it expects revenue and adjusted earnings before interest, tax, depreciation and amortisation to be slightly ahead of market expectations. It doesn't say what it thinks these are; however, Shore Capital said consensus is GBP163 million for revenue and GBP42 million for adjusted Ebitda, roughly in line with its own estimates. This would up from GBP159.1 million revenue and GBP29.9 million adjusted Ebitda in 2023.
Team17 will release its full 2024 results in March.
Current stock price: 267.70 pence, up 12% in London on Thursday
12-month change: up 31%
By Tom Waite, Alliance News editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.