Angry Birds maker happy as stay-at-home gaming boosts profit
HELSINKI (Reuters) – Rovio Entertainment <ROVIO.HE>, maker of the 10-year-old “Angry Birds” cell sport assortment, on Friday reported a 160% leap in second-quarter adjusted working profit, helped by elevated participant engagement amid COVID-19 lockdowns.
“We reached report extreme video video games revenue pushed by the sturdy effectivity of our key video video games,” CEO Kati Levoranta talked about in a press launch.
Adjusted working profit rose to 13.8 million euros from 5.3 million whereas revenue fell 3.6% to 69.2 million euros due to lower movie revenue, talked about the Finnish agency, which listed its shares in 2017.
The agency attributed the improved effectivity to “elevated participant engagement due to COVID-19” as correctly as lower promoting costs.
“The whole impression of COVID-19, which was seen in a greater stage of downloads, daily energetic prospects and participant engagement, peaked in late April,” Levoranta …