Keywords Studios

International technical and creative services provider to the global video games industry and beyond.

Launch date

1998

Employees

5001-10000 people

Market cap

Enterprise valuation

$2.7b (Public information from Sep 2024)

Company register number 623473

London England (HQ)

http://www.keywordsstudios.com

https://twitter.com/keywordsintl https://www.linkedin.com/company/keywordsstudios/

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Revenues, earnings & profits over time

EUR	2020	2021	2022	2023	2024	2025	2026
Revenues	374m	512m	691m	780m	886m	968m	1.1b
% growth	14 %	37 %	35 %	13 %	14 %	9 %	9 %
EBITDA	52.7m	95.7m	127m	144m	176m	196m	216m
% EBITDA margin	14 %	19 %	18 %	18 %	20 %	20 %	20 %
Profit	21.6m	34.2m	47.4m	20.0m	50.9m	59.6m	68.3m
% profit margin	6 %	7 %	7 %	3 %	6 %	6 %	6 %
EV / revenue	6.0x	5.0x	3.3x	2.0x	2.7x	2.4x	2.1x
EV / EBITDA	42.7x	26.7x	18.1x	11.0x	13.4x	11.7x	10.2x

Date	Investors	Amount	Round
Jul 2013	N/A	£28.0m	IPO
Jun 2018	Barclays Lloyds Banking Group	$75.0m	Post IPO Debt
Jul 2023*	Citi HSBC Bank of China ING Group AIB Danske Bank Bank of Ireland	$400m	Post IPO Debt
Apr 2024*	N/A	N/A	Post IPO Equity
Jul 2024*	EQT Group	£2.1b Valuation: £2.1b	Buyout
Total Funding		-

ACQUISITION by Keywords Studios Dec 2019

ACQUISITION by Keywords Studios Apr 2021

ACQUISITION by Keywords Studios Mar 2021

ACQUISITION by Keywords Studios Dec 2022

Snowed In Studios

ACQUISITION by Keywords Studios Jul 2018

ACQUISITION by Keywords Studios Feb 2017

ACQUISITION by Keywords Studios Aug 2017

ACQUISITION by Keywords Studios Aug 2017

Around the Word

ACQUISITION by Keywords Studios Aug 2017

ACQUISITION by Keywords Studios Aug 2017