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Keywords posts revenues of $74.7 million so far in 2017 thanks to aggressive acquisition strategy

Keywords posts revenues of $74.7 million so far in 2017 thanks to aggressive acquisition strategy

Keywords Studios has released its financials for the first half of its FY17 for the six months ending June 30th 2017.

It posted revenues of $74.7 million (€63.7 million) for the period, up 50% year-on-year. It also saw profits increase 60% year-on-year to $11.3 million (€9.6 million).

Keywords stated that each of its departments saw solid organic growth, aside from its Audio department due to it having an exceptional H1 FY16. It now has seven service lines operating 33 production studios in 17 countries.

Delighted with progress

"We are delighted with our progress so far this year. This has enabled us to deliver a first half performance ahead of our expectations, underpinning our confidence in the Group at least meeting market consensus for the year as whole," said Keywords CEO Andrew Day.

"We continue to win new clients and grow market share and are regularly seeing the benefits of our wider geographic reach and broader range of services as we introduce additional services to established clients."

Keywords has made a name for itself recently with its aggressive acquisition strategy. It has made four acquisitions so far in 2017, picking up Spov, Red Hot CG, GameSim, and XLOC for a total of €6.9 million.


Former Editor

Ric was formerly the Editor of Pocket Gamer and the Deputy Editor of PocketGamer.biz. He still pops up time to time to review games.

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