British “independent publisher” Team17 published financial results for 2023. Looking positive is the sales column, which increased 12% year-on-year to $159 million. They featured 17 new games and applications and, for the most part, an extensive catalog of old games such as Hell Let Loose or Construction Sim.
In particular, Team17 praises the success of the Lovecraft adventure game. Dredge. Several sequels also proved successful. blasphemous 2 And Moving 2, not only in sales, but also in reviews and awards. The publisher is also satisfied with the FPS results. Trepang2.
Despite the fact that revenue has increased, after deducting expenses, Team17 is in loss of 3 million dollars. That’s a major drop from 2022, when the company earned more than $23 million. The result is partly due to the large amount of money spent on development, partly due to administrative costs. This is likely due to large-scale layoffs in the fall, which should have a positive impact on finances this year.
Controlling expenses in order to earn money is the main goal of the publishing house for 2024. In his own words, the beginning of the year was relatively successful. He wants to release a total of 10 games, including Survival Horror. conscript, Autopsy simulator or co-op roguelike SWEARED.
Source :Indian TV
