With seven games launched or announced in year to date
Sumo Group, also announces today, another strong set of results today, achieving a 27% increase in revenue and more than doubling its profit before tax in the six months to 30 June 2020.
It’s been an incredibly busy year for the Group so far, with seven games announced or launched to date, including four Own-IP titles: Spyder, Little Orpheus, WST Snooker and Hood, which is an incredible achievement during a global pandemic.
The Group has successfully navigated the operational challenges presented by the lockdown restrictions and continued its recruitment charge, with a further 66 people joining the business in the first six months of 2020, taking headcount to 832. This included 29 staff from Lab42 in Leamington Spa, which Sumo Group acquired in May.
Carl Cavers, Chief Executive Officer of Sumo Group, said: “More people than ever are playing video games, as a result of the pandemic, and the market outlook remains extremely positive. As a Group, we remain very well positioned to capitalise on this expansion in the market both organically and through targeted acquisitions, with a real focus on growing our business further. Our talented teams continue to produce high-quality, interactive content, which is well received by gamers across the globe. We are absolutely delighted with the achievements of our people under challenging circumstances, and, with strong visibility for FY 20, remain very confident in the Group’s prospects.
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