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: