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Wireless

Rovio ups profits on record Angry Bird 2 revenues in Q1

Thursday 17 May 2018 | 09:35 CET | News
Rovio lifted profits in the first quarter of the year, helped by lower user acquisition costs and higher margins, plus record revenues and strong gross bookings for Angry Birds 2. The adjusted operating profit rose to EUR 9.6 million from 5.3 million the year before, with the margin advancing to 14.1 percent from 8 percent. Profit before tax almost doubled to EUR 9.0 million from 4.8 million while earnings per share climbed to EUR 0.09 from 0.05. The adjusted EBITDA jumped almost 43 percent to EUR 14.6 million, with the margin going to 22.2 percent from 15.4 percent. Revenues for the quarter

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Categories: Mobile & Wireless
Companies: Rovio
Countries: World
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