{"id":20761,"date":"2018-05-17T20:26:00","date_gmt":"2018-05-17T20:26:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/318333"},"modified":"2018-05-17T20:26:00","modified_gmt":"2018-05-17T20:26:00","slug":"rovio-sees-profits-rise-amid-strong-revenues-from-angry-birds-2","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2018\/05\/17\/rovio-sees-profits-rise-amid-strong-revenues-from-angry-birds-2\/","title":{"rendered":"Rovio sees profits rise amid strong revenues from Angry Birds 2"},"content":{"rendered":"<p>Rovio\u00a0Entertainment, the Finnish studio behind the mobile franchise <em>Angry Birds<\/em>, <a href=\"http:\/\/www.rovio.com\/investors\/releases-and-publications\/rovio-entertainment-corp-improved-profitability-strong-growth\">released a\u00a0financial report<\/a> detailing its\u00a0fiscal year ended March 31,\u00a02018,\u00a0noting an improvement on adjusted operating profits which rose by 73 percent year-over-year to \u20ac9.6 million (~$11.3 million).<\/p>\n<p>Revenue decreased by 0.9 percent\u00a0to \u20ac65.7 million (~$77.5\u00a0million) due to a decline\u00a0in revenue from brand licensing, but the company&#8217;s game division\u00a0grew slightly, up 0.4 percent\u00a0to \u20ac56.8 million (~$66.9\u00a0million).\u00a0<\/p>\n<p>The company also spent less on user acquisition in the first quarter, causing investments to drop to \u20ac14.6 million (~$17.2\u00a0million).\u00a0<\/p>\n<p>Rovio\u00a0reports that its first quarter was in line with their\u00a0expectations, noting that\u00a0<em>Angry Birds 2<\/em> achieved record revenues while\u00a0<em>Angry Birds Friends<\/em> continued showing\u00a0steady performance.\u00a0<\/p>\n<p>As for the future, Rovio will focus on continuing development of its live game portfolio according to the Games-as-a-Service strategy, profitable user acquisition and development of new games, as well as focusing on reaching the 2019 release date for the sequel to the Angry Birds movie, which hit theaters\u00a0back in 2016.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rovio\u00a0Entertainment, the Finnish studio behind the mobile franchise Angry Birds, released a\u00a0financial report detailing its\u00a0fiscal year ended March 31,\u00a02018,\u00a0noting an improvement on adjusted operating profits which rose by 73 percent year-over-year to \u20ac9.6 million (~$11.3 million). Revenue decreased by 0.9 percent\u00a0to \u20ac65.7 million (~$77.5\u00a0million) due to a decline\u00a0in revenue from brand licensing, but the company&#8217;s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20762,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-20761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/20761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=20761"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/20761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/20762"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=20761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=20761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=20761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}