Rovio reports $71 million profit on just $200 million revenue

Rovio reports $71 million profit on just $200 million revenue
Rovio, the Finnish gaming company behind the 'Angry Birds' franchise, has reported a very profitable 2012.

The company reported revenue of $200 million with a $71 million profit.



Overall revenue grew 101 percent year-over-year, from a bit above $96 million in 2011.

In 2012, the company released four new games; Angry Birds Space, Amazing Alex, Bad Piggies, and Angry Birds Star Wars. More importantly, however, the company teamed up with major retailers like Walmart to sell consumer products like shirts, plushes and even sodas.

Rovio CMO Pete Vesterbacka has long called Disney its aspiration, in regards to becoming a huge entertainment brand.

Written by: Andre Yoskowitz @ 3 Apr 2013 16:42
Tags
Angry Birds Rovio corporate earnings
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  • 1 comment
  • megadunderhead

    yea if i rigged my app with ads and with pay for upgrades i would be stinking rich as well

    7.4.2013 14:51 #1

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