Angry Birds maker cites “thriving” games business - Mobile World Live

Angry Birds maker cites “thriving” games business

25 AUG 2016

Angry Birds creator Rovio Entertainment said its games business is “thriving”, despite its recent focus on the Angry Birds Movie.

The company said its first half games revenue was up 24 per cent year-on-year. In a statement, Kati Levoranta, CEO, said: “We currently have several exciting new games and other projects in development, including new IP”.

While Rovio was for a long time the darling of the mobile games market, it has seen its position usurped by companies such as Candy Crush-maker King, and Clash of Clans developer Supercell. And Pokemon Go has recently burst onto the scene.

In the meantime, Rovio has seen its fair share of struggles, with job losses as it refocused its activities around games, media and consumer products.

For the first half of 2016, “even before the profits from the blockbuster Angry Birds Movie have hit the books”, the company was EBIT positive (€5.7 million, an improvement of €15.9 million), on revenue of €76.4 million, which was up by €10.3 million.

A sequel to the Angry Bird Movie is also being planned.

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Steve Costello

Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist...More

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