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2015's €13m loss fails to crash Rovio's 2016 hopes - MCV

2015's €13m loss fails to crash Rovio's 2016 hopes

Angry Birds firm maintains positive outlook, already profitable in first quarter
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Rovio remains resilient in the face of yet more disappointing financial results.

The company reported an operating loss of €13m for the twelve months ended December 31st, 2015 – a massive decline from the operating profit of €10m reported in 2014, according to GamesIndustry.

Revenues also dropped year-on-year from €158.3m to €142m. These declines continue the drops seen in both revenue and operating profit between 2013 and 2014.

However, new CEO Kati Levoranta says this was to be expected after the firm’s recent restructure, and hopes are high for 2016.

“As expected, 2015 was a challenging year for Rovio, partly due to heavy investments in our future success,” she said.

“However, we have managed to improve our efficiency and turn around the company. This year’s first quarter is already profitable and the outlook for the rest of the year is positive.

“2016 is a transformative year for Rovio, highlighted by the release of our major global feature film The Angry Birds Movie this May. Expectations for the film are very strong.”

We recently interviewed Rovio’s games boss Wilhelm Taht about how the firm plans to catch-up from a troubling two years and re-establish Angry Birds in a world dominated by free-to-play.

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