{"id":3180,"date":"2017-02-28T15:00:47","date_gmt":"2017-02-28T22:00:47","guid":{"rendered":"http:\/\/www.taterboy.com\/blog\/2017\/02\/angry-birds-maker-rovio-recovers-as-revenues-grow-34-to-203-million-in-2016\/"},"modified":"2017-02-28T15:00:47","modified_gmt":"2017-02-28T22:00:47","slug":"angry-birds-maker-rovio-recovers-as-revenues-grow-34-to-203-million-in-2016","status":"publish","type":"post","link":"https:\/\/www.taterboy.com\/blog\/2017\/02\/angry-birds-maker-rovio-recovers-as-revenues-grow-34-to-203-million-in-2016\/","title":{"rendered":"Angry Birds maker Rovio recovers as revenues grow 34% to $203 million in 2016"},"content":{"rendered":"

\"Katiwhat is ed<\/a> CEO of Rovio.” srcset=”http:\/\/1u88jj3r4db2x4txp44yqfj1.wpengine.netdna-cdn.com\/wp-content\/uploads\/2017\/02\/rovio-2-578×351.jpg 578w, http:\/\/1u88jj3r4db2x4txp44yqfj1.wpengine.netdna-cdn.com\/wp-content\/uploads\/2017\/02\/rovio-2-300×182.jpg 300w, http:\/\/1u88jj3r4db2x4txp44yqfj1.wpengine.netdna-cdn.com\/wp-content\/uploads\/2017\/02\/rovio-2-768×467.jpg 768w, http:\/\/1u88jj3r4db2x4txp44yqfj1.wpengine.netdna-cdn.com\/wp-content\/uploads\/2017\/02\/rovio-2-800×486.jpg 800w, http:\/\/1u88jj3r4db2x4txp44yqfj1.wpengine.netdna-cdn.com\/wp-content\/uploads\/2017\/02\/rovio-2-780×474.jpg 780w, http:\/\/1u88jj3r4db2x4txp44yqfj1.wpengine.netdna-cdn.com\/wp-content\/uploads\/2017\/02\/rovio-2-930×565.jpg 930w, http:\/\/1u88jj3r4db2x4txp44yqfj1.wpengine.netdna-cdn.com\/wp-content\/uploads\/2017\/02\/rovio-2.jpg 1200w” sizes=”(max-width: 578px) 100vw, 578px”><\/p>\n

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Angry Birds maker Rovio grew its revenues 34 percent to \u20ac190 million ($203 million) in 2016, up 34 percent from $150 million a year earlier.<\/p>\n

Kati Levoranta, CEO of Rovio, said at a press event today at the Game Developers Conference in San Francisco that games and The Angry Birds Movie<\/em> helped push the company into the black compared to a loss the year before.<\/p>\n

Earnings before income taxes (EBIT) were \u20ac17.5 million ($18.5 million) in 2016, up from a \u20ac21 million loss ($22 million) in 2015.<\/p>\n

\u201cI\u201dm happy to say that Rovio did extremely well,\u201d Levoranta said. \u201cDuring 2016, we found the magic thing in Rovio again.\u201d<\/p>\n

\"Kati<\/p>\n

Above: Kati Levoranta, CEO of Rovio.<\/p>\n

Image Credit: Dean Takahashi<\/em><\/div>\n<\/div>\n

The games division had its best year ever, with revenue growing 40 percent from \u20ac113 million to \u20ac159 million in 2016. Games reported an EBIT of \u20ac29.6 million, up 640 percent from \u20ac4 million a year earlier.<\/p>\n

\u201cMost of the growth came from the existing games,\u201d such as Angry Birds Friends and Angry Birds 2.<\/p>\n

Rovio now has five game studios, including its Match, Slingshot, and Battle studios in Espoo, Finland. It also has a role-playing game studio in Stockholm, Sweden, and a new massively multiplayer online studio in London.<\/p>\n

The London studio will give Rovio access to a wider talent pool, Levoranta said. The Battle studio has a new game coming this spring.<\/p>\n

The animation division\u2019s Angry Birds movie hit No. 1 in 52 countries. It generated $350 million in revenues at the box office. Levoranta said that the Angry Birds brand now has 90 percent recognition. The next animated videos will be Angry Birds Blues<\/em>, based on three blue characters from the movie.<\/p>\n","protected":false},"excerpt":{"rendered":"

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