Team17 Group First Half 2023 Earnings: Revenues Beat Expectations, EPS Lags

Team17 Group (LON:TM17) First Half 2023 Results

Key Financial Results

• Revenue: UK£69.7m (up 31% from 1H 2022).
• Net income: UK£5.56m (down 38% from 1H 2022).
• Profit margin: 8.0% (down from 17% in 1H 2022). The decrease in margin was driven by higher expenses.
• EPS: UK£0.039 (down from UK£0.065 in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Team17 Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) missed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Entertainment industry in the United Kingdom.

Performance of the British Entertainment industry.

The company's shares are down 6.8% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Team17 Group, and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.