**Summary**
Everplay Group plc, a leading global independent games developer and publisher, released a trading update for the fiscal year 2025 (FY 2025) on January 21, 2026. The Group reported strong performance in the second half of 2025, driven by significant growth in new release revenues, double-digit increases in first-party IP revenues, and improved back catalogue performance. Key successes included strong sales during the Black Friday and festive periods, with momentum continuing into January.
Despite astragon’s strategic exit from its low-margin physical distribution business, which slightly impacted revenues, the Group expects adjusted EBITDA for FY 2025 to align with market expectations, marking a double-digit increase from FY 2024. Excluding physical sales, organic revenue growth was mid-single digit. Notable releases like *Date Everything!*, *SWORN*, and *LEGO® Bluey™*, along with new license agreements with Netflix, contributed to revenue growth for Team17 and StoryToys.
Acquisitions remained a strategic focus, with Everplay acquiring a 20% stake in Super Media Group and long-term publishing rights to ten titles, including *Heavenly Bodies* and *Spiritfall*. The Group’s strong cash position supports further acquisition opportunities.
Looking ahead, Everplay’s 2026 release lineup is described as one of its most exciting, featuring new installments of franchises like *Hell Let Loose: Vietnam* and *Golf With Your Friends 2*, along with partnerships with platforms like Netflix. Mikkel Weidder, the new Group CEO, expressed optimism about the Group’s outlook, highlighting its strong performance, acquisition strategy, and upcoming releases. Full-year results for FY 2025 are expected in late March.