Keywords Studios forecasts €505m in revenue for 2021
Games service provider partially attributes growth to business cost reduction due to COVID-19
Today Keywords Studios released its forecast for 2021 and the company estimates that it will generates €505 million ($570 million).
This represents 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.
"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," Keywords CEO Bertrand Bodson.
"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."