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Strong start to 2018 for developer

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18 Jul 2018

Games developer Team17, which is based in Wakefield, says it has made a “strong start” to 2018 and expects full-year results to be in line with market expectations.

In providing an update for the six months to June 30th 2018, CEO Debbie Bestwick said: “We are pleased with our performance in the first half of our financial year and the ongoing success of both owned and label partner IP.

“The announcement of Overcooked 2 and early access launch of My Time At Portia provides further evidence of our commitment to building brands and collaborating with some of the most creative indie partners around the globe.

We are delighted with the reaction received globally for our games at E3. We have also recently won the ‘Develop Publishing Hero’ Industry award for the second time, which is further testament to the high quality premium games we select and the hard work of all of our teams who I’d like to thank.

“We look forward to updating our shareholders on our progress over the coming months.”

The company which is behind games including Worms launched on stock market earlier this year with a market capitalisation of £217m.

So far this year Team17 has launched  a small number of new IP from label partners, including My Time At Portia by Pathea Games, Team17’s first indie partner in China.

At E3 in June the developer also announced the launch date of Overcooked 2, the sequel to the double BAFTA-winning game on Xbox One, PlayStation 4, Nintendo Switch™ and PC. The game is already getting positive attention from the games media including IGN.