FinancialEverplay
Annual Report and Financial Statements 2024
1 Mar 202457 pages~365 min full read
Everplay Group PLC returned to profitability in 2024 with a £25.3 million profit before tax and record revenues of £166.6 million, marking a 5% year-over-year growth that outperformed the 0.6% broader market average.
See it on page 2The company's diversified portfolio proved resilient, as the astragon simulation and StoryToys edutainment divisions grew by 22% and 25% respectively, offsetting a slight revenue decline in the core Team17 publishing division.
See it on page 13Back catalogue titles remain the primary revenue driver, accounting for 86% of total income, while first-party IP now represents 37% of total sales.
See it on page 8The Group maintains a strong financial position with £62.9 million in cash, a 97% operating cash conversion rate, and the reinstatement of a dividend at 2.7 pence per share.
See it on page 10Operational scale includes the management of over 140 active titles and a StoryToys subscription base exceeding 337,000 active users.
See it on page 15The company underwent a corporate rebranding from Team17 Group PLC to Everplay Group PLC in early 2025 to reflect its shift toward a platform-agnostic development and publishing model.
See it on page 2Governance improvements include achieving 50% female representation in leadership roles and reducing the mean gender pay gap by over 7%.
See it on page 18Everplay Group PLC, formerly known as Team17 Group PLC, achieved a significant financial recovery and strategic reorganization during the 2024 fiscal year. Following a loss in 2023, the Group returned to profitability with a profit before tax of £25.3 million and record revenues of £166.6 million, representing 5% year-over-year growth. This performance significantly outpaced the broader gaming market’s 0.6% growth, driven primarily by a resilient back catalogue that contributed 86% of total revenue. While the core Team17 publishing division saw a slight revenue decline, the astragon simulation and StoryToys edutainment divisions grew by 22% and 25% respectively, highlighting the success of the Group’s diversified multi-divisional structure.
The Group’s financial position strengthened considerably, ending the period with £62.9 million in cash and a 97% operating cash conversion rate. This liquidity supports a transition toward high-quality first-party IP, which now accounts for 37% of total sales, and provides capital for future M&A activity. Operational highlights include the management of over 140 active titles and a subscription base for StoryToys exceeding 337,000 active users. Strategically, the Group underwent a major leadership transition and corporate rebranding in early 2025 to reflect its evolved identity as a platform-agnostic developer and publisher.
Governance and sustainability remained central to the 2024 agenda, with the Group reporting significant progress in diversity and environmental targets. Women now hold approximately 50% of leadership roles, and the mean gender pay gap was reduced by over 7%. Despite recording impairments related to the underperformance of the US-based mobile unit "The Label," the Group reinstated a dividend of 2.7 pence per share. Looking toward 2025, the Group maintains a positive outlook with a pipeline of at least ten new title launches and a continued focus on lifecycle management and disciplined cost control.
