Angry Birds maker blissful as stay-at-home gaming boosts revenue

HELSINKI Rovio Entertainment, maker of the 10-year-old “Angry Birds” cellular sport sequence, on Friday reported a 160% soar in second-quarter adjusted working revenue, helped by elevated participant engagement amid COVID-19 lockdowns.

“We reached file excessive video games income pushed by the sturdy efficiency of our key video games,” CEO Kati Levoranta stated in a press release.

Adjusted working revenue rose to 13.eight million euros from 5.Three million whereas income fell 3.6% to 69.2 million euros as a result of decrease film income, stated the Finnish firm, which listed its shares in 2017.

The firm attributed the improved efficiency to “elevated participant engagement as a result of COVID-19” in addition to decrease advertising prices.

“The general influence of COVID-19, which was seen in a better stage of downloads, every day energetic customers and participant engagement, peaked in late April,” Levoranta stated.

In August 2019, Rovio launched a sequel to its profitable Angry Birds film however its film income declined within the second quarter of 2020.

However, Rovio stated “Angry Birds Movie 2” was among the many most watched films on Netflix throughout the spring.

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($1 = 0.8463 euros)

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