Mikkel Weider
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Team17 owner Everplay increases shareholding in Wardogs dev Bulkhead, touts strong FY26 results
Everplay, the owner of Team17, has increased its shareholding in Wardogs developer Bulkhead following the game's success since its early access launch. Despite a reported decrease in revenue and profit for Everplay in the first half of FY26, the company anticipates strong full-year results, driven by the outperformance of Wardogs and Hell Let Loose: Vietnam. Everplay also noted significant growth in its subsidiary StoryToys.
Reforged Studios acquires Super Meat Boy 3D publisher Headup Games
Reforged Studios has acquired Headup Games, the publisher of Super Meat Boy Forever, in a strategic move to bolster its publishing platform. Headup's founder, Dieter Schoeller, has been appointed chief publishing officer at Reforged. The acquisition aims to support independent studios without job losses. Separately, Everplay (formerly Team17 Group) reported flat revenue but a 10% increase in gross profit for 2025, driven by new releases and back catalogue performance.
Team17 parent company Everplay reports 10% profit increase in 2025
Everplay, the parent company of Team17, reported a 10% increase in gross profit to £76.3 million for its 2025 fiscal year, despite flat revenue of £166 million. The company attributed the profit growth to a shift away from low-margin physical game distribution, with new releases boosting revenue by 80% and the back catalogue contributing significantly. CEO Mikkel Weider expressed confidence in future profitable growth, citing a strong lineup of new releases and acquisitions for FY 2026.
