Finnish sport maker Rovio, finest identified for its Offended Birds franchise, on Friday reported an increase in its fourth-quarter working revenue, boosted by development from its prime three video games.
“All our prime three video games Offended Birds 2, Offended Birds Dream Blast, and Offended Birds Buddies grew year-on-year,” the Helsinki-based cell sport maker mentioned.
Rovio mentioned it expects sturdy prime line development for the yr however its adjusted working revenue to lower year-on-year as a result of investments in new video games growth and advertising.
Rovio is in search of development from diversifying its portfolio, having acquired Turkish Ruby Video games in August and by partnering as much as create new cell video games for Moomins, cartoon characters initially widespread from a sequence of books and a comic book strip.
“We proceed our M&A efforts, aiming to construct new development avenues inside informal video games, develop our viewers community, and set up worth by means of synergies throughout our sport portfolio and studios,” Rovio Chief Government Alex Pelletier-Normand mentioned in an announcement.
Rovio reported underlying working revenue of EUR 13.1 million (roughly Rs. 110 crore) for the October-December quarter, up round 75 p.c from a yr earlier.
Rovio’s board proposed a dividend of EUR 0.12 (roughly Rs. 10) per share.
© Thomson Reuters 2022
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