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Team Cherry: Business Overview, Financials & Competitive Analysis

Team Cherry is an indie games developer in Adelaide, South Australia. Founded in 2014 by William Pellen and Ari Gibson, the studio is best known for developing the action-adventure game "Hollow Knight" for PC and Nint...

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What's in This Report
Team Cherry OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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7/ 10Strong

Cyborg Score thesis

Capital-efficient indie studio with proven $200M+ franchise and disciplined execution; growth constrained by small team size and...

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Industry Indie video game development
6 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: July 6, 2026
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Team Cherry Overview

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Team Cherry is an indie games developer in Adelaide, South Australia. Founded in 2014 by William Pellen and Ari Gibson, the studio is best known for developing the action-adventure game "Hollow Knight" for PC and Nintendo Switch devices. The original Hollow Knight generated over $195 million in gross revenue since launch, with estimated net revenue of $57 million, establishing Team Cherry as a critically acclaimed indie powerhouse.

Strategic Profile

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Team Cherry is an unfunded company with 20 employees as of April 2026, demonstrating that significant commercial and critical success is achievable without external venture capital. The studio maintains a lean, focused approach to game development, concentrating on deep, handcrafted experiences rather than rapid portfolio expansion. Hollow Knight: Silksong will receive a free expansion called Sea of Sorrow in 2026, alongside confirmation of enhanced Switch 2 versions for both Silksong and the original Hollow Knight, signaling ongoing engagement and platform diversification.

Competitive Landscape

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Team Cherry operates in the crowded indie and mid-tier action-adventure game market, competing alongside studios like Supergiant Games, Motion Twin (Dead Cells), and established publishers' indie arms. The Metroidvania subgenre specifically includes competitors like Symphony of War: The Fiscal Drag and other soul-like adventure titles. Unlike many competitors, Team Cherry's lean structure and self-funding model provide significant advantages in creative control and agility, though they compete for talent, player attention, and platform allocation against larger studios with greater marketing budgets.

Industry Context

Team Cherry operates in Indie video game development.

Key facts

Founded: 2014 · Headquarters: Adelaide, Australia · Employees: 20 · Revenue: $1M–$5M (estimated annual)

What the analysts stress-tested

The top findings that survived the multi-agent debate for Team Cherry.

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Dead CellsRoguelike action-adventure with Metroidvania elements and post-launch supportOri and the Blind ForestIndie action-adventure platformer with artistic focus and challenging gameplayBlasphemous2D action platformer with dark aesthetic and Metroidvania structureNine SolsTaopunk Metroidvania with parry-heavy souls-inspired combat and sci-fi visualsEnder MagnoliaIndie action-adventure with summon-based combat and refined platforming explorationHyper Light DrifterIndie action-adventure with fast-paced combat and minimalist storytelling

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Industry context

Team Cherry operates in Indie video game development. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Team Cherry do?+
Team Cherry is an indie games developer in Adelaide, South Australia. Founded in 2014 by William Pellen and Ari Gibson, the studio is best known for developing the action-adventure game "Hollow Knight" for PC and Nint...
What is Team Cherry's Cyborg Score?+
Team Cherry has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Team Cherry's main competitors?+
Named competitors include Dead Cells, Ori and the Blind Forest, Blasphemous, Nine Sols. The full competitive landscape is in the AskCyborg report.
How can I get the full Team Cherry research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Team Cherry research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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