Revenues at Keywords Studios, an Irish-headquartered but London-listed video gaming firm, soared by 66 per cent in 2018, as the company benefited from strong demand for its services and an increasing share of its markets. The company pointed to an “encouraging” start for 2019, but noted that the ‘Fortnite effect’ hit growth during 2018. In the 12 months to December 31st 2018, revenues jumped by 66 per cent to € 250.8 million, as pre-tax profits almost doubled to €22 million. The phenomenally successful game, which Keywords Studios also works on, attracted some 200 million players last year, which disrupted other games supported by Keywords Studios, and saw some games producers cut their spending on supporting games, or terminating them altogether. The technical services provider to the global video games industry was founded in 1998, and now has over 50 facilities in 21 countries across Asia, the Americas and Europe.

Source: The Irish Times April 08, 2019 06:33 UTC