Offended Birds Maker Rovio Completely satisfied as Keep-at-Residence Gaming Boosts Revenue

Rovio Leisure, maker of the 10-year-old Offended Birds cell sport collection, on Friday reported a 160 p.c leap in second-quarter adjusted working revenue, helped by elevated participant engagement amid COVID-19 lockdowns.

“We reached document excessive video games income pushed by the sturdy efficiency of our key video games,” CEO Kati Levoranta mentioned in a assertion.

Adjusted working revenue rose to EUR 13.eight million (roughly Rs. 121 crores) from EUR 5.three million (roughly Rs. 46 crores) whereas income fell three.6 p.c to EUR 69.2 million (roughly Rs. 610 crores) because of decrease film income, mentioned the Finnish firm, which listed its shares in 2017.

The corporate attributed the improved efficiency to “elevated participant engagement because of COVID-19” in addition to decrease advertising prices.

“The general impression of COVID-19, which was seen in the next degree of downloads, every day energetic customers and participant engagement, peaked in late April,” Levoranta mentioned.

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

Nevertheless, Rovio mentioned Offended Birds Film 2 was among the many most watched motion pictures on Netflix throughout the spring.

© Thomson Reuters 2020

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