0
Broadband

Rovio raises lower end of FY outlook ranges after flat Q3 revenue with better profitability

Friday 16 November 2018 | 13:56 CET | News
Finnish games developer Rovio said that revenue was little changed in the third quarter but profitability has improved, and it has narrowed down its forecast for the full year. It now expects group revenue to be EUR 280-EUR 290 million, after it previously predicted a range of EUR 260-EUR 300 million. It predicts EBITDA at 10-11 percent of revenue, compared with its previous outlook of 9-11 percent.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Rovio
Countries: Finland / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Rovio sees better revenues for 2019 after lower Q4

Published 14 Feb 2019 09:24 CET | Finland
Finnish games developer Rovio said results came in lower for the fourth quarter and full year but that gross bookings reached ...

Rovio to expand Hatch cloud gaming platform to Android TV

Published 04 Dec 2018 14:35 CET | World
Rovio subsidiary Hatch Entertainment announced plans to bring its mobile gaming service to TVs and set top boxes running Android ...

Elisa teams up with Rovio's Hatch to demonstrate 5G gaming at Slush in December

Published 28 Nov 2018 11:59 CET | Finland
Rovio subsidiary Hatch Entertainment and Finnish telecoms operator Elisa joining up to bring new 5G gaming to Finland, starting ...

Pelletier-Normand named EVP of Rovio Entertainment's Games Business Unit

Published 14 Nov 2018 10:58 CET | World
Alexandre Pelletier-Normand was appointed as the executive vice president of Rovio Entertainment's Games Business Unit and Member ...

Rovio, Resolution Games launch mixed reality version of Angry Birds

Published 10 Oct 2018 08:36 CET | World
Finland-based Rovio and Resolution Games released Angry Birds FPS: First Person Slingshot, the new mixed reality (MR) game for ...

Rovio Q2 sales slide on unfavourable comparison effect, weak dollar

Published 17 Aug 2018 11:18 CET | Finland
Finland-based Rovio's revenues were EUR 71.8 million in the three months to end-June, down 16.8 percent from EUR 86.2 million a ...