Team17 owner Everplay increases shareholding in Wardogs dev Bulkhead, touts strong FY26 results

Everplay, the owner of Team17, anticipates robust full-year results as its subsidiary Bulkhead's games, Wardogs and Hell Let Loose: Vietnam, exceed expectations. The company has bolstered its ownership in Bulkhead since the latter's entry into early access on September 10, following its success. Originally owned by Tencent, Bulkhead was sold to a group comprising Everplay, Super Media Group, and Hiro Capital last December.

In its half-year results for the period ending June 30, 2026, Everplay recorded an 8% drop in revenue to £66.9 million and a 29% decline in profit to £23.9 million. However, its portfolio of existing games saw a 1.2% increase in revenue, amounting to £64.3 million, spread across more than 150 titles. This quarter also saw four new releases, including Lumentale: Memories of Trey, Sintopia, Wardrum, and Rogue Point.

Everplay's StoryToys subsidiary reported a notable 43% growth in revenue, a 22% rise in active subscribers to 408,000, and over 18 million total downloads. The company has increased its investment in game development by 14% to £16.4 million, facilitating the creation of 20% more titles than the previous year. Currently, 65% of its games in development are based on original concepts and first-party intellectual property.

CEO Mikkel Weider remarked, "Our back catalogue posted another resilient performance in a half in which there were no major new releases, underpinning the solid foundations upon which Everplay is built." He further added, "With a strong balance sheet, resilient catalogue, growing portfolio of first-party IP and innovative third-party games, we are well positioned to deliver accelerated growth."