Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 9, 2020
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Rovio sees profits rise amid strong revenues from  Angry Birds 2

Rovio sees profits rise amid strong revenues from Angry Birds 2

May 17, 2018 | By Emma Kidwell

Rovio Entertainment, the Finnish studio behind the mobile franchise Angry Birds, released a financial report detailing its fiscal year ended March 31, 2018, noting an improvement on adjusted operating profits which rose by 73 percent year-over-year to €9.6 million (~$11.3 million).

Revenue decreased by 0.9 percent to €65.7 million (~$77.5 million) due to a decline in revenue from brand licensing, but the company's game division grew slightly, up 0.4 percent to €56.8 million (~$66.9 million). 

The company also spent less on user acquisition in the first quarter, causing investments to drop to €14.6 million (~$17.2 million). 

Rovio reports that its first quarter was in line with their expectations, noting that Angry Birds 2 achieved record revenues while Angry Birds Friends continued showing steady performance. 

As for the future, Rovio will focus on continuing development of its live game portfolio according to the Games-as-a-Service strategy, profitable user acquisition and development of new games, as well as focusing on reaching the 2019 release date for the sequel to the Angry Birds movie, which hit theaters back in 2016. 

Related Jobs

Impulse Gear, Inc.
Impulse Gear, Inc. — San Francisco, California, United States

Art Director
Plarium Michigan Studio LP
Plarium Michigan Studio LP — San Mateo, California, United States

UX Designer
Playco — Tokyo, Mountain View, San Francisco, Seoul, Remote, Remote

Senior Game Engineer
Playco — Remote, Tokyo, Mountain View, San Francisco, Seoul, Remote, Remote

Engineering Manager

Loading Comments

loader image