Finnish sport maker Rovio, greatest recognized for its Offended Birds franchise, on Friday reported an increase in its fourth-quarter working revenue, boosted by progress from its high three video games.
“All our high three video games Offended Birds 2, Offended Birds Dream Blast, and Offended Birds Mates grew year-on-year,” the Helsinki-based cell sport maker stated.
Rovio stated it expects robust high line progress for the 12 months however its adjusted working revenue to lower year-on-year on account of investments in new video games improvement and advertising.
Rovio is searching for progress 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 well-liked from a sequence of books and a comic book strip.
“We proceed our M&A efforts, aiming to construct new progress 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 stated 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 % from a 12 months earlier.
Rovio’s board proposed a dividend of EUR 0.12 (roughly Rs. 10) per share.
© Thomson Reuters 2022