Angry Birds creator Rovio swings to fourth-quarter profit, raises dividend


Angry Birds game characters are seen at the Rovio headquarters in Espoo, Finland March 13, 2019. Picture taken March 13, 2019. REUTERS/Anne Kauranen/File Photo

HELSINKI (Reuters) - Rovio Entertainment, the maker of the "Angry Birds" games franchise, swung to a profit in the fourth quarter from a year-ago loss and said on Friday it would raise its full-year dividend by a third to 0.12 euros per share.

The Finnish company's operating profit stood at 2.9 million euros ($3.5 million) for the October-December quarter, up from a loss of 0.1 million euros in the same period last year but down from a 12.8 million euro profit in the third quarter.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Family of Florida mass shooting victim sues OpenAI in US court
Netflix sued by Texas for allegedly spying on consumers
California county sues Meta over scam ads
SoftBank's Son considers up to $100 billion investment in France, Bloomberg News reports
OpenAI creates new unit with $4 billion investment to aid corporate AI push
Shein accuses Temu of 'industrial scale' copyright breaches in UK legal battle
Alphabet considers first yen bond sale to fund AI goals
EU Commission in talks with OpenAI and Anthropic over AI models
Circle sees revenue boost as stablecoin demand rises amid volatility; shares up
AI labs should pass safety review to get US government contracts, group says

Others Also Read