Team17 flags above-expectations performance for current year

Global video games label and independent games developer Team17 updated the market on its trading for the year ended 31 December.

The AIM-traded firm said it had continued to experience “strong” customer traction from both new and established games throughout the second half of the yea.

As a result, it now expected both adjusted EBITDA and revenue to be ahead of market expectations for the current year.

“The performance has been driven by continued sales momentum across the portfolio of titles,” the board said in its statement.

As at 1448 GMT, shares in Team17 were up 4.2% at 310p.