everplay group (EVPL) H2 2025 TU earnings summary

Executive summary

• Achieved strong trading in H2 2025, with significant uplift in new release revenues and double-digit growth in first-party IP revenues.

• Back catalogue performance improved and anticipated license deals were signed.

• Trading during Black Friday and festive period was robust, with momentum continuing into January.

Financial highlights

• Adjusted EBITDA for FY 2025 expected to be in line with market expectations at £48.5 million, a double-digit increase versus FY 2024.

• FY 2025 revenues expected to be broadly flat year-over-year at £173.6 million.

• Excluding physical sales, delivered mid-single digit organic revenue growth for FY 2025.

Outlook and guidance

• 2026 new release line-up expected to be extensive, including new instalments of key franchises and new partnerships with platforms like Netflix.

• Management remains focused on acquisitions as a core strategic growth priority.