Moving Out 2 publisher Yorkshire-based Team 17 has seen revenue increase by 31 per cent

It is also the publisher for new game Moving Out 2, which was recently launched to critical acclaim.

The firm also announced adjusted EBITDA of £16.5 million, and an 18 per cent increase in gross profit, up to £30.2 million.

Debbie Bestwick MBE, CEO of Team17, said: “We are pleased with the Group's first half performance, with strong growth delivering record revenue levels, against a backdrop of one of the most competitive years for high quality launches and deep peer discounting that I can remember.

“The strength of our results illustrates the success of our diverse portfolio strategy, expertise in lifecycle management and franchise building, disciplined approach to discounting, and the tireless commitment of our people across the Group”

Under its StoryToys banner, Team 17 also launched three new apps in the first half of the year, including Barbie Color Creations, Lego Duplo Disney Mickey and Friends, and Marvel HQ.

The company released 17 new downloadable content packaged across 13 titles, and rose its content portfolio to now comprise over 800 digital revenue lines.

The firm has also announced that its group headcount has risen from 392 for the financial year 2022, to 438.

Ms Bestwick noted that the firm remained “mindful” of the competitive environment in the gaming industry.

She said: “We are mindful that the gaming environment remains highly competitive, and we continuously review cost efficiencies to ensure we have the right balance between internal and outsourced resources in our service areas.

“We believe that this will enable us to remain agile and cost effective to deliver the best results for our partners and stakeholders over future years.”

Under its astragon title, the firm completed the acquisition of Independent Arts Software GmbH in April of this year, expanding its working simulation development team to accelerate the creation and launch of a new intellectual property.