Rovio Entertainment Returns Profit Through 'Angry Birds'
By : Dina Astria And Aldo Bella Putra | Saturday, May 19 2018 - 19:00 IWST

Game mobile Angry Birds, oleh Rovio Entertainment. (Source: CNN Money)
INDUSTRY.co.id - Jakarta - Rovio Entertainment, a Finnish video game company has posted a profit in the first quarter, which is better than analyst projections. Rovio is experiencing great competition for users and the company's dependence on the Angry Birds game, which was first launched in 2009.
Rovio managed to make a profit of 10 million Euros or about US $ 12 million. This number has doubled from the previous year in the same period.
Quoted by Reuters, Rovio has grown at a lower cost of recall. While in terms of sales, Rovio has decreased by 1 percent to 66 million Euros.
With this proud achievement, Rovio's stock also rose by 5.6 percent and was able to recover some 50 percent decline after profit received in February.
"Quarterly projection is difficult for gaming companies because the cost fluctuates significantly between the quarters," said OP Bank analyst Hannu Rauhala.
In recent months, Rovio spelled a crisis for announcing the departure of Head of Game and Head of Investor Relations while cutting the salaries of some of the top brass.
Rovio Entertainment hopes Angry Birds sequel film can boost business next year. Rovio has also increased investment in the Hatch spin-off company, which is building a Netflix-style streaming service for mobile gaming.
Read Also
Ignite Life for Future -- The 2023 International Forum on Life Science…
Abu Dhabi’s Advanced Technology Research Council launches ‘AI71’…
XL Axiata and Huawei Build First Network Digital Map Commercial Use…
LTIMindtree Leverages Boomi's Low-Code Integration To Strengthen…
Global Broadband Speeds Plummet During COVID-19 Lockdown Periods
Today's Industry

Selasa, 05 Desember 2023 - 21:36 WIB
MOU Partnership Signed between Organisers of Bali International Airshow and Angkasa Pura I
A Memorandum of Understanding (MOU) has been signed between Indonesian state-owned enterprise PT Angkasa Pura I I Gusti Ngurah Rai International Airport - Bali and PT Inaro Tujuh Belas for the…

Selasa, 05 Desember 2023 - 21:32 WIB
Environmental resilience a critical concern for major Asian cities
Tokio Marine Group and Economist Impact announced the launch of The Resilient Cities Index 2023, a major new study into the most prominent risks faced by global cities. The index was devised…

Selasa, 05 Desember 2023 - 21:29 WIB
'K-Pop Dance AI Platform' STEPIN Surpasses 200,000 Downloads
Sidewalk Entertainment, an AI startup company based in Seoul, South Korea, announced on October 30 that their global K-Pop Dance AI Platform, STEPIN, has gone beyond 200,000 downloads. STEPIN…

Selasa, 05 Desember 2023 - 21:25 WIB
GIP ASEAN Chapter Launched in Jakarta
Jakarta, Indonesia - The Green Investment Principles for the Belt and Road (GIP) expands its reach into Southeast Asia with a new Chapter launched. The ASEAN Chapter is a key part of GIP's…

Selasa, 05 Desember 2023 - 21:21 WIB
Casio to Release MR-G with Iconic Form and Comfortable Dura Soft Band
Casio Computer Co., Ltd. announced today the release of a new addition to the MR-G line, the flagship of the G-SHOCK brand of shock-resistant watches. The new MRG-B5000R inherits the iconic…
News Comment