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• Rovio’s fourth-quarter operating profit rose due to growth in Angry Birds
• The game maker expects high growth this year as well
Game maker Rovio, popular for its Angry Birds franchise, said on Friday its fourth-quarter operating profit rose due to growth in its top three games.
"All our top three games Angry Birds 2, Angry Birds Dream Blast and Angry Birds Friends grew year-on-year," the Helsinki-based mobile game maker said.
Rovio said it expects high growth in this year as well. The company plans to invest in new games development and marketing and therefore expects decrease in its adjusted operating profit.
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In August, Rovio acquired Turkish Ruby Games for diversifying its portfolio. It also partnered up to create new mobile games for Moomins, which are cartoon characters from a comic strip.
"We continue our M&A efforts, aiming to build new growth avenues within casual games, grow our audience network, and establish value through synergies across our game portfolio and studios," Rovio Chief Executive Alex Pelletier-Normand said in a statement.
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In the fourth quarter, Rovio reported underlying operating profit of 13.1 million euros ($14.90 million), up around 75% from a year earlier.
Picture Credits: Reuters