This month, Finnish game maker Rovio reported a rise in fourth-quarter operating profits thanks to the growth of its top three games: Angry Birds 2, Angry Birds Dream Blast, and Angry Birds Friends, all of which rose year-on-year. Rovio said it expects strong top-line growth for 2022, but its adjusted operating profits will decrease year on year due to investments in new game development and marketing.
“We continue our M&A efforts, aiming to build new growth avenues within casual games, grow our audience network, and establish value through synergies across our game portfolio and studios,” said Alex Pelletier-Normand, Chief Executive of Rovio.
Rovio is seeking growth via the diversification of its portfolio, having acquired Turkey’s Ruby Games in August and working with them to create new mobile games for Moomins, cartoon characters originally popular from a series of books and a comic strip.
Rovio reported an underlying operating profit of $14.90 million for the October to December quarter, up around 75% from a year earlier.
(All information was provided by Reuters)