22% Revenue Growth in 2024 for astragon Entertainment
– 2 min read
astragon Entertainment is an important revenue driver for the everplay group, formerly Team17 Group. The German simulation specialist increased its revenues by 22 percent in 2024 and plays an important role for the future with its first-party IPs.
The UK-based everplay group has published its unaudited annual report for the period from 1 January to 31 December 2024. Group revenues increased by 5% on a like-for-like basis to £166.6 million, or almost €200 million. The group consists of three divisions: Team17 (formerly Team17 Games Label) contributed £98.6 million (down 5% year-on-year; €118.3 million), astragon Entertainment delivered £43.8 million (up 22%; €52.5 million), while StoryToys increased revenues by 25% to £24.3 million (€29.2 million).
Growth at astragon was driven by the Police Simulator and Construction Simulator franchises, the latter of which saw the launch of a Year 2 Season Pass. Revenue growth was supported by the release of two new games (including Construction Simulator 4), the physical distribution of Farming Simulator 25 in Germany, the release of five existing first and third-party IP games on additional platforms, and 12 paid DLCs.
Steve Bell, Group Chief Executive Officer of everplay, commented: "I am extremely pleased with the Group's performance during 2024, a clear return to the quality business for which we have been known. As we begin our first year under the new name of everplay, I am excited about the incredible slate of games we have lined up for 2025, and some important innovations in our business model. Allied with stringent cost controls, we are confident that these will deliver results our shareholders expect. I'd like to thank Ann, Julia, Tim and Emmet for their support in leading each part of our Group that yet again has delivered a great year in gaming, and our people and development partners for their creativity and dedication. Our new group roles will ensure we remain efficient and focused on being the best games company that gives back to creators and shareholders while supporting our people."
Part of the Group's strategy is to increase revenues from first-party titles in order to retain a higher proportion of the revenues. "Double-digit growth in first-party IP revenues, which contributed 37% to Group revenues (FY 2023: 35%). 10 first-party IP projects are in the development pipeline, based both on established and new IP and to launch mostly in 2026 and 2027, supporting the Group's focus on accelerating growth and improving profitability."
The everplay group will release Date Everything and Epic NPC Man: Nice Day for Fishing from Team17, Seafarer: The Ship Sim and Firefighting Simulator: Ignite from astragon and Lego Bluey from StoryToys in 2025.
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