Keywords Studios released its forecast for 2021 yesterday and the company estimates that it will generates €505 million ($570 million).
This would mean an increase of 35% year-over-year compared to 2020.
The games service provider partially attributed this growth to reduction in costs due to COVID-19, relating to remote work, property costs, travel and business development.
Looking ahead the group forecasts that the fiscal year of 2022 will see €569 million ($642 million) generated in revenue.
Investors reacted positively to the forecast and the Keywords Studios Stock moved up 12% this week:
“Having started to meet with many of our people, studios and customers, I am excited about the opportunity to capitalise on the Group’s unique full-service platform to deliver an ever more compelling proposition for the buoyant video games market, and adjacent content industries,”
“I have been impressed by the ambitious team at Keywords, which is highly driven to continue to build on the Group’s successful organic and acquisitive growth track record.”
Keywords CEO Bertrand Bodson
