Keywords Studios reports strong revenue growth as developers knuckle-down after COVID-19 disruptions
"The group has delivered another strong performance and we are seeing ongoing high levels of demand for our services,” said Jon Hauck
Company
Keywords Studios PLC
LON:KWS
Keywords Studios PLC is an international technical and creative services provider to the global video games industry. Established in 1998, and now with over 70 facilities in 26 countries strategically located in Asia, Australia, the Americas and Europe, it provides services across the entire content development life cycle through its Create, Globalize and Engage service lines to a large blue-chip client base across the globe. Keywords Studios has a strong market position, providing services to 24 of the top 25 most prominent games companies.
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Keywords Studios acquires art studio AMC for €2.8mln
“We are excited by the expertise and experience that AMC will bring to our art service line," said CEO Jon Hauck
Keywords Studios impresses brokers as video game market surges ahead
“Overall we expect the business to continue benefitting from industry tailwinds, in particular the accelerating roll-out of new generation consoles."
Keywords Studios puts in strong performance
"We continue to review a healthy pipeline of acquisitions that extend the breadth and depth of services Keywords is able to offer its global video games clients."
Keywords Studios Plc fancied as Liberum expects more M&A in gaming industry
Two London-listed video game firms have been bid for in the year-to-date.
Keywords Studios should have "very minimal impact" on acquisitions from leadership change, says broker
Based on the recent trading update, profit are expected to grow 19% on average over this and the coming two years, up from a previous estimate of 12%
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Keywords Studios begins search for new CEO
The company said following a leave of absence for health reasons, Andrew Day has decided to bring forward a longer-term retirement plan and it has now initiated a full search process to appoint a successor
Video game sector looking better than ever, says broker
Analysts at Liberum said they thought there was "plenty of upside ahead" for the industry thanks to several structural growth drivers, and therefore any near-term share price weakness should be seen "as a buying opportunity"
Keywords snaps up game development services group Climax Studios
The firm said it has agreed to acquire the Portsmouth-based group in a deal worth up to £43mln
Keywords Studios set for double-digit revenue growth for years to come, Barclays says
Berenberg also upgraded its recommendation on the back of current strong operating momentum and the likelihood for further acquisitions
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Keywords Studios profits jump a third as gaming market booms during pandemic
The provider of video game development services also highlighted strong demand following the release of the PlayStation 5 and Xbox X|S Series consoles in late 2020
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Keywords and Bellway results in focus for mid-week alongside UK inflation data
Other firms in the diary include Diploma as well as Softcat and Burford Capital
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Keywords Studios enters Australian market as it snaps up controlling stake in Tantalus Media
The video game services firm said it acquired an 85% stake in Melbourne-based Tantalus for up to US$46.8mln in cash and shares
Keywords CEO to take temporary leave of absence for health reasons as trading in line
The company said Andrew Day will take leave effective immediately and is expected to return to his position following a period of recovery
Keywords Studios story has lot further to run says broker
"We have updated our forecasts and increased our Target Price to £32.50.”
Keywords forecasts profits ahead of guidance after strong finish to 2020
The provider of video game development services said it expects its revenues and adjusted pre-tax profit for the period to be €373mln and €55mln respectively, higher than forecast in an update in November
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Keywords Studios outperforms as demand for its services remains robust
The firm raised £100mln via a share placing in mid-May to fund acquisition opportunities amid the pandemic