Revenue up 43% at Team17 in 2019

Revenue up 43% at Team17 in 2019

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."

PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.