Rovio posts Q4 profit drop, says mobile game market shrank last year


FILE PHOTO Angry Birds game characters are seen at the Rovio headquarters in Espoo Finland March 13 2019. Picture taken March 13 2019. REUTERSAnne KauranenFile Photo

FILE PHOTO: 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

(Reuters) - Finnish game maker Rovio, best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined for the first time ever.

"The market normalised after supercharged growth during the onset of COVID-19 in 2020 and 2021, when the global market grew annually by 30.1% and 12.5%, respectively," the company said in its financial statement.

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