Yippee! Team17 smashes expectations again
High performing video group Team17 has delivered another record-beating year. Here are our thoughts on that and a host of other small-cap results.
Team17’s (LON: TM17) growing and diverse portfolio of games performed well over the peak Christmas sales period and management now expect both adjusted EBITDA and revenue to be ahead of market forecasts for the year ended 31 December 2019. Previous forecasts were for revenue growth in 2019 of approximately 32% – exceeding this organically is therefore quite an achievement.
The group also continues to develop an impressive portfolio of original games and launches in 2020 are expected to top any previous year.
The £1.4m acquisition of software developer and digital publisher Yippee Entertainment at the beginning of January has helped increase…
Sign up and read the full article
Register to continue reading our content.
Already a member? Login
Fundamental Asset Management
Buy any of our portfolios with our associates.
Previous article Next article