Worms

Team17 Full Year Results 2020

Team17 achieved its sixth consecutive year of record financial performance in 2020, characterized by a 34% increase in annual revenue to £83 million.

• Team17 achieved record financial performance in 2020, with annual revenue growing 34% to £83 million and adjusted EBITDA increasing 36% to £30.1 million.
• The company’s business model is heavily reliant on digital distribution, which accounted for 93% of total revenue in 2020.
• Third-party publishing remains the primary revenue driver at 79% of total income, with 78% of that segment derived from publishing-only agreements and 22% from co-development.