A period in the sun during the pandemic, when alternative sources of entertainment were closed off to people, has been followed by a more difficult period for the video games industry. However, there have been some recent signs of life in the sector, perhaps most notably with the reception for the launch of a new games console by Nintendo (7974:TYO). Eight years after the original launch of...

Full year profit warningGames titles impairment charge of £11.5 millionImproved trading expected in 2024Video games developer Team17 (TM17:AIM) might need some assistance from one of the characters featured in its firefighter simulation title after revealing a profit warning on Friday.Shares in the games publisher sank 40% to 185p on heavy volume, which means they are 57% below where they...

- Full year profit significantly ahead of expectations- News leads to raft of analyst upgrades- Strong pipeline of game releasesGlobal video games developer and publisher Team 17 (TM17:AIM) pleased investors on Wednesday after saying 2022 sales and profit would be significantly ahead of market expectations.The news comes as a relief following profit warnings earlier this month from fantasy...

- Record first half revenues and profit- Eight new game releases due in second half- Acquisitions increase scale of the groupGlobal games developer and publisher Team17 (TM17:AIM) delivered a record first-half sales and earnings against a tough market backdrop which saw video game spending falling by high single-digits.The company said it entered the second half with 'significant traction'...

Shares in independent premium games developer and publisher Team17 (TM17:AIM) gained 3.4% to 738p after it acquired German games developer Astragon Entertainment for up to €100 million.The initial consideration is €75 million (around £63 million) with a contingent consideration of up to €25 million payable in cash on delivery of certain profit performance over the next two...

Shares in video games developer Team17 (TM17:AIM) gained 2.5% to 743p after the company said its recently acquired subsidiary StoryToys had partnered with LEGO and Marvel Entertainment to launch a new educational mobile app for pre-schoolers.The new Lego Duplo Marvel app is carefully aligned with the Headstart Early Learning Outcomes Framework to ensure it meets the developmental needs of...

Investors reacted positively to better than expected trading updates from video gaming companies Sumo Group (SUMO:AIM) and Team17 (TM17:AIM) on Thursday, pushing their shares up 7% and 1% respectively.The video games industry has seen strong growth through the pandemic as more people take up playing games during lockdown.SUMO STREAMING AHEADProvider of creative development services to video...

Video games developer Team17 (TM17:AIM) jumped 4.5% to 538p on Tuesday as the market applauded the delivery of record sales and operating profits for 2019.Bossed by chief executive Debbie Bestwick, Team17 also flagged an exciting pipeline for 2020 and assured: 'We are monitoring the situation regarding the Coronavirus carefully but to date have not seen any clear impact on the business.'The...

Team17 (TM17:AIM) 240pLoss to date: 4%Original entry point: Buy at 250p, 5 July 2018A strong set of full year results from computer games developer Team17 (TM17:AIM) on 19 March have helped the shares get back within sight of our 250p entry price.Revenue was up 46% to £43.2m off the back of some successful releases including Overcooked 2 with adjusted earnings of £15m beating the consensus...

Team17 (TM17:AIM) 230pLoss to date: 8%Original entry point: Buy at 250p, 5 July 2018Although our 'buy' call on video games outfit Team17 (TM17:AIM) is in the red, we're impressed by solid half year results (11 Sep) and the AIM newcomer's future earnings growth potential.One of the longest-running independent video games companies, Debbie Bestwick-led Team17 develops its own games and helps...

With the initial hype surrounding Team17's (TM17:AIM) stock market flotation dying down, now is a good time to take a position in the video games outfit.The stock rocketed on the 165p issue price in May to hit a high of 270p but has now settled at the 250p mark. In Shares' experience of previous successful IPOs (initial public offerings), the share price tends to fall back after an initial...