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Investing.com -- Everplay group on Tuesday reported interim results for the first half of 2025, guiding that full-year adjusted EBITDA will be "slightly ahead" of current market expectations.
The gaming company saw revenues decline 10% to £72.4 million in the first half, affected by the timing of license revenues and astragon releases.
Despite this, gross profit increased 2% to £33.7 million, with margins expanding 570 basis points to 46.5%.
Adjusted EBITDA fell slightly by 1% to £19.2 million, though margins improved by 240 basis points to 26.5%.
The company maintained a strong financial position with net cash of £59.5 million and declared a 1p interim dividend.
The company’s first-party IP revenue decreased 26% year-over-year, representing 35% of total revenues, impacted by a strong Team17 comparative period and no new astragon releases.
Third-party IP revenue grew 1%, while back catalogue revenue, which accounts for 88% of total revenue, fell 15%. New releases performed well with a 40% increase, driven by Team17.
Looking ahead, everplay expects continued momentum through the second half of 2025, supported by a strong lineup of launches, visibility over license deals, and a favorable margin mix.
The company’s CEO selection process is ongoing, with timing expected for 2026.
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