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Everplay shares surge on return to profit, outlook
(Sharecast News) - Shares in Everplay surged on Wednesday as the video game maker returned to profit and said current-year trading would be marginally ahead of expectations. Pre-tax profit came in at £25.3m for the year to December compared with a loss of £1.1m a year earlier. Revenue rose 5% to £166m, driven by an increase in first-party IP revenues, which contributed 37% to the overall figure.
Shares in the firm, which rebranded from its original Team17 name in January, were up 15% in early London trade.
"The group has made a good start to 2025, supported by the momentum from the festive season promotions. As a result, the board remains confident that the group can deliver an improved trading performance in 2025, marginally ahead of current market expectations, and remains well positioned for continued growth over the medium to long term," the company said.
Everplay is made up of three divisions; Astragon, which publishes working simulation games, StoryToys which develops and publishes educational entertainment apps for children and Team17 an independent games label.
Reporting by Frank Prenesti for Sharecast.com
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