Revenue, profit rises at Keywords Studios as acquisitions pay off

Firm announces another purchase, with Brighton’s TrailerFarm the latest target

Andrew Day, chief executive of Keywords Studios. Photograph: Dara Mac Dónaill

Andrew Day, chief executive of Keywords Studios. Photograph: Dara Mac Dónaill

 

Revenue and profit at Irish video games company Keywords Studios rose in the first six month of 2018 as the company continued its acquisition spree.

The Dublin-based firm said revenue rose 72 per cent to €10 million in the six months to June 30th, with like-for-like revenue up 8.6 per cent on a constant currency basis.

Gross profit margin increased to 37.4 per cent, while adjusted profit before tax rose 67 per cent to €16 million. Adjusted earnings per share rose 53 per cent to 20.1 cent.

The company had net cash of €100,000, following a €10.6 million net cash outlay on acquisitions.

Keywords also announced it had acquired TrailerFarm, a UK-based firm specialising in the production of trailers for the marketing and support of video games.