Operation: Tango
Game
Documents about Operation: Tango
Financial report26 pages
Unaudited Final Results for the Year Ended 31 December 2025
everplay Group plc, formerly Team17, delivered a year of margin-led improvement in FY2025, with revenue flat at £166.0m (2024: £166.6m) but underlying growth of 5% once the exited low-margin physical distribution business at astragon is excluded.
- Everplay Group reported FY 2025 profit before tax of £36.6 million, a 44% increase driven by improved gross margins and reduced royalty expenses, despite flat headline revenue of £166.0 million.
- Adjusted EBITDA grew 11% to £48.5 million, representing a 29.2% margin, while underlying revenue increased 5% when excluding the exit from low-margin physical distribution.
- The company’s revenue mix is balanced between first-party (£56.13 million) and third-party IP (£109.86 million), with 75% of total income derived from the back catalogue.
EverplayMar 2026
Financial report26 pages
Everplay FY 2025 Final Results
Everplay Group's FY 2025 results present a year of profitable growth built on its portfolio model, with Team17, astragon and StoryToys divisions covering the twelve months to 31 December 2025.
- Everplay reported flat total revenues of £166.0 million for FY 2025, though underlying revenue grew by 5% when excluding the exit from astragon's low-margin physical distribution business.
- Profitability improved significantly, with adjusted EBITDA rising 11.3% to £48.5 million and basic earnings per share increasing 35% to 18.9 pence.
- Team17 achieved record revenue of £106 million, while StoryToys grew 25% to £30.4 million, bolstered by partnerships with Netflix Games and Apple Arcade.
EverplayMar 2026
Companies behind it
As the documents state it.