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Full Team17 Group Fiscal Year 2022 Report

28 Nov, 2023
Team17 Group

In the world of the dynamic and fast-growing video game industry, Team17 Group occupies a special place, representing not only a developer and publisher, but also the embodiment of innovation and creativity in the world of entertainment. With each passing year, the company strives not only to strengthen its leadership in gamemade, but also to ensure sustainable financial growth.

In this article, we take Team17 Group’s financial report for fiscal year 2022 under the magnifying glass, looking at the key metrics, strategies and decisions that have made the company a vibrant player in the global gaming arena. Join us in this fascinating exploration to understand how Team17’s financial results reflect its unique position in the industry and what trends are shaping the future of this exciting business segment.

Company Overview

Team17 Group is more than just a company in the video game industry,it´s an emblem of innovation and creativity, with a vision to raise the standards of game development and create unique experiences for millions of gamers around the world. Beginning its journey in 1990, the company has quickly gained popularity with a series of games that have become iconic in the world of gaming.

One of Team17’s key traits is their dual role as developer and publisher. This allows them to oversee every stage of game creation, from conception and design to market release. This full development cycle provides the company with a unique approach to the gaming industry, as well as the ability to better respond to changes in market demands.

Team17 has created quite a sensation with its portfolio of games, including such outstanding projects as Overcooked, My Time at Portia, Yooka-Laylee. These games not only won the hearts of gamers, but also established the company’s status as a key player in the industry.

Thanks to the strategy of active cooperation with talented independent studios, Team17 Group creates unique projects that can compete with the biggest gaming titans. This symbiosis of the company’s creative ideas and experience contributes to the creation of games that not only bring financial success, but also become true masterpieces of the gaming industry.

Fueled by the industry’s explosive growth and constant pursuit of innovation, Team17 Group continues to strengthen its position in the global video game market, remaining at the center of attention for gamers and investors alike.

Financial performance for 2022 

Although management believes that there is only one reportable segment, the Company’s portfolio of games is divided into internal (based on IP owned by the Group) and third party royalty revenues. Therefore, to make it easier for readers to understand our results, the “Net Revenue Structure” table presents the distribution of revenue into these two categories.

All contracts for which the Group has committed revenue as of December 31, 2022 must be completed and recognized as revenue within one year or less. As required by IFRS 15, the transaction price allocated to these uncompleted contracts is not disclosed. All accrued deferred revenue and deferred income were recognized or settled during the year.

This is just a small piece of the company’s financial report, you can read the FULL report here.

At the conclusion of this article, we took a look at Team17 Group’s financial landscape for the fiscal year 2022. By analyzing the company’s key financial indicators, we uncovered the dynamics of its success and the challenges facing the video game industry in today’s world.

This year has been a period of not only financial achievement for Team17, but also their continued impact on the gaming scene. With outstanding results in sales revenue, the company has shown an unbreakable ability to adapt to changes in the industry and successfully scale their business. Behind every success are careful strategies and bold decisions. Team17 Group continues to innovate by supporting the creativity of independent studios and bringing unique game concepts to life.

The company’s projected outlook and plans for the future emphasize its commitment to not only holding its current position, but also going beyond expectations. As the gaming industry continues to evolve, Team17 Group remains at the center of this process, shaping the future of game development. As with any dynamic industry, challenges and uncertainties will always be present. Hope and expectation is what will motivate Team17 Group to move forward, maintaining a passion for games and a commitment to quality.

Behind this look at Team17 Group’s financial report is not only an analysis of the numbers, but also an exploration of the company’s soul – the force that allows it to stay on top of the gaming industry and fulfill the dreams of millions of gamers around the world.

We took a look at Team17 Group's financial landscape for the fiscal year 2022
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