Everplay (LSE:EVPL) reported an 8% year-on-year decline in revenue to £66.9 million for the first half of 2026, while adjusted EBITDA also fell as the games developer and publisher prepared for a larger second-half release schedule.
The company attributed the first-half performance to the absence of major new releases and increased investment ahead of planned launches during the remainder of the year.
Back-catalogue sales were supported by a portfolio of more than 150 titles, while operating cash conversion increased to 128%. Everplay ended the period with cash of £57.1 million.
The company said its cash position provides capacity for continued organic investment and potential acquisitions.
New Releases Support Second-Half Trading
Everplay reported increased activity following the end of the first half, including the releases of Hell Let Loose: Vietnam and Wardogs. The company said the titles have generated record sales and player numbers, although specific comparative figures were not provided in the supplied information.
StoryToys, Everplay’s children’s edutainment business, recorded a 43% increase in revenue, supported by higher subscriber and download metrics.
The group also increased its investment in Super Media Group and appointed a Chief Growth Officer as part of changes to its leadership team.
Everplay declared an interim dividend for the period.
Everplay Raises 2026 Expectations
Following its second-half releases and subsequent trading, Everplay said it now expects full-year 2026 revenue and adjusted EBITDA to be materially ahead of current market expectations.
The revised guidance represents management’s current expectation and remains subject to trading during the remainder of the financial year.
Everplay Group Operations
Everplay operates through its Team17, Astragon and StoryToys divisions.
Team17 develops and publishes video games and works with independent developers, while Astragon focuses on simulation games. StoryToys develops children’s educational and entertainment applications.
The group’s portfolio includes titles and franchises such as Hell Let Loose, Worms, Wardogs, Overcooked!, Construction Simulator and Police Simulator, alongside children’s applications including LEGO Bluey and Disney Coloring World.
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