Rovio Entertainment: Strong Performance and Profitable Growth for Rovio in First Half of 2016
August 24 2016 - 7:27AM
Business Wire
Rovio Entertainment has grown profitably in the first half of
2016, even before the profits from the blockbuster Angry Birds
Movie have hit the books. The company earned 76,4 mEUR in revenue
in the first half, a 10,3 mEUR year-on-year improvement, finishing
the first half with an EBIT result of 5,7 mEUR, a 15,9 mEUR
improvement over the same period last year.
Rovio’s games business is thriving with year-on-year revenue
growth of 24 per cent. Rovio’s animation business saw the globally
successful theatrical release of The Angry Birds Movie, which
opened in the No. 1 position in 52 countries, including the massive
Chinese and U.S. markets. The Angry Birds Movie has so far grossed
more than 347 million dollars at the box office globally. The movie
will open in Japan October 1.
“With the excellent performance of our games portfolio and the
fantastic movie, the Angry Birds brand is flying high and we are
seeing positive EBIT and cash flow development, while fulfilling
our mission to create world class entertainment,” says CEO Kati
Levoranta. “We currently have several exciting new games and other
projects in development, including new IP, and we have started
planning the sequel to The Angry Birds Movie.”
The Angry Birds Movie was released digitally in selected Asian
markets and North America on July 29, where it quickly went to No.
1 on iTunes, followed by DVD and Blu-ray releases on August 16. The
in-home release of the film in other countries and territories
continues to roll out in the weeks ahead, with most of Europe
seeing the in-home release in September.
About Rovio
Rovio Entertainment Ltd., based in Espoo, Finland, is the
creator of Angry Birds™, the casual mobile game that changed an
industry and became an international phenomenon. Today Angry Birds
is not only the most downloaded series of games of all time, it is
an entertainment brand that has branched out into animation,
licensing and more. The Angry Birds Movie was released in May
2016. www.rovio.com
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Rovio EntertainmentKaisu Karvala, VP Communications+358 40
571 5990kaisu.karvala@rovio.com