Team17 sees annual revenue, earnings beating market expectations

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Video game developer Team17 said it expected its revenue and operating earnings for the current year to be ahead of market expectations.

'The company has continued to experience strong customer traction from both new and established games since the start of the year,' it said in a trading update.

'The strong first-half performance has been driven by continued sales momentum across the back catalogue, a solid performance across an array of new release titles along with the recognition of a higher proportion of revenues relating to license income.'


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