Keywords Studios, a leading provider of voice-over and translation services for videogames, announced a 19% increase in overall revenue for the first half of the year. However, the company's Globalize division, which focuses on organic growth, was impacted by strikes within the entertainment industry in the U.S.
Additionally, Keywords Studios' Engage division experienced a slowdown due to a weaker mobile market, resulting in reduced demand for player support services. Marketing services also faced delays due to short notice. Consequently, some projects have been delayed and are now expected to be completed in the second half of the year.
Despite these challenges, the London-listed company reported revenue of €383 million ($421.2 million) for the first half of the year, compared to €321 million in the same period last year. Adjusted operating profit is projected to reach approximately €59 million, an increase from €56 million in the previous year.
Keywords Studios anticipates that organic growth for the full year will mirror that of the first half. The company also expects adjusted operating margins to remain stable at around 15%.
While acknowledging potential currency volatility that could impact overall performance in the second half, Keywords Studios remains confident in the long-term growth prospects of the business.
As of 0744 GMT, shares were down by 8.5%, trading at 1,613 pence.
Contact Anthony O. Goriainoff for further information.
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