Angry Birds-dependent games maker Rovio swings to annual profit


  • TECH
  • Wednesday, 01 Mar 2017

Profitable birds: The Angry Birds movie earned around US$350mil (RM1.5bil) at the box office.

HELSINKI: Finnish mobile games and animation studio Rovio Entertainment swung to an annual profit in 2016 as its Angry Birds movie release helped boost its game sales and tackle competition from new challengers such as Nintendo Co's  Pokemon GO.

However, analysts noted the private-held company must find new franchises and reduce its dependence on the Angry Birds brand to succeed in the highly competitive game industry.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Microsoft readies new AI model to compete with Google, OpenAI, The Information reports
Synopsys sells software integrity unit for $2.1 billion to PE group
Robinhood Crypto gets Wells notice from US SEC
Trump Media dismisses auditor BF Borgers amid SEC fraud charges
Grayscale Bitcoin Trust's shares jump after first inflow since January
Lamborghini bros no more: Crypto is creating a new wealth effect
Amazon driver fatally shoots person trying to steal vehicle at gunpoint, US cops say
Microsoft ties pay for top bosses to meeting cybersecurity goals
JPJ: Bjak not authorised to offer road tax renewal services
TikTok’s boss goes from reserved tech exec to Met Gala chair

Others Also Read