Team17's revenue saw a 43 per cent increase in revenue during 2019.
That's according to the company's financial report for the 12 months ending December 31st, in which it claims it made £61.8m ($76.3m) in revenue for the year. Gross profit was up by 49 per cent, too, with the indie label bringing in £29.5m ($36.4m) for the 2019 fiscal year.
71 per cent of revenue came from the company's now-extensive back catalogue, too.
The company has also appointed a new CFO and board director in Mark Crawford. The firm appointed him as interim CFO in November 2019.
"We are delighted that Mark has agreed to join Team17 on a permanent basis having made such a strong impression throughout his interim period," non-exec chairman Chris Bell said.
"The board unanimously agreed that Mark has both the skills and experience required to support Team17's ongoing growth and strategic ambitions."
Comments
Login to to leave a comment Or click here to register
Forgot password?
Password Reset
To reset your pass, please enter your email below and submit. Your new password will then be emailed to you.
You can change this pass at any time on the "edit profile" link when logged in.
Got your password?