Team17 reported a robust set of results this morning with HY revenues growing by 97% and adjusted EBITDA by nearly 145%. The continued strong performance from the groups back catalogue (100+ games), coupled with the launch of several new releases in the first half ensured revenue profile across FY19 was more H1 weighted than previous years (59% of our YE estimates). Management remain comfortable with consensus.

10 Sep 2019
Interim Results HY19

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Interim Results HY19
Everplay Group Plc (EVPL:LON) | 383 23 1.6% | Mkt Cap: 558.6m
- Published:
10 Sep 2019 -
Author:
Kartik Swaminathan -
Pages:
2 -
Team17 reported a robust set of results this morning with HY revenues growing by 97% and adjusted EBITDA by nearly 145%. The continued strong performance from the groups back catalogue (100+ games), coupled with the launch of several new releases in the first half ensured revenue profile across FY19 was more H1 weighted than previous years (59% of our YE estimates). Management remain comfortable with consensus.