News
Marmalade Game Studio announces outstanding FY25 results and forecasts record growth in FY26
10 Aug 2026
Marmalade Game Studio (Marmalade) has announced its FY25 results, revealing substantial growth for the company. FY25 revenue reached £12.7 million (FY24: £10.7m), while Adjusted EBITDA more than doubled year‑on‑year to £5.2 million.
The company’s outstanding performance continues into 2026 and Marmalade looks set to achieve another record-breaking year with EBITDA forecast to almost double again, with growth expected to come both from live game management of current titles, such as Monopoly and Game of Life, as well as new releases.
With a business model built on licensing popular board game IPs and transforming them into premium video games across multiple platforms including mobile, PC and console, the company’s results are all the more remarkable given the challenges faced by the games industry post-pandemic. Today, Marmalade is exceptionally well positioned to benefit from expected growth in the premium games category and across the board games category.
“It’s great to see our passion for board games translate into such strong financial results,” said Mike Willis, co-CEO of Marmalade.
The key to our success is diversification of IP, of distribution platforms and of revenue streams. We currently have nine successful evergreen games available on up to eight distribution platforms, a healthy split that allows us to provide board game fans with the best gaming experiences on their platform of choice."
Part of Marmalade’s recent success also comes from the introduction of a new distribution channel to its portfolio in 2025 – the cloud gaming platform Amazon Luna.
Marmalade was an official launch partner for Amazon GameNight, a curated selection of games designed to be played on the TV using mobile phones as controllers. As a result of this partnership, the company now has five titles available on the platform, with two new games in development.
Marmalade’s diversification ethos extends towards its workforce as well. Headquartered in London and with further offices in Lisbon and Bucharest, this is a multicultural team where different perspectives lead to the best decisions for the games.