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Rovio Entertainment, maker of the 10-year-old Angry Birds cellular sport collection, on Friday reported a 160 p.c soar in second-quarter adjusted working revenue, helped by elevated participant engagement amid COVID-19 lockdowns.
“We reached record high games revenue driven by the strong performance of our key games,” CEO Kati Levoranta mentioned in a assertion.
Adjusted working revenue rose to EUR 13.eight million (roughly Rs. 121 crores) from EUR 5.Three million (roughly Rs. 46 crores) whereas income fell 3.6 p.c to EUR 69.2 million (roughly Rs. 610 crores) attributable to decrease film income, mentioned the Finnish firm, which listed its shares in 2017.
The firm attributed the improved efficiency to “increased player engagement due to COVID-19” as properly as decrease advertising and marketing prices.
“The overall impact of COVID-19, which was visible in a higher level of downloads, daily active users and player engagement, peaked in late April,” Levoranta mentioned.
In August 2019, Rovio launched a sequel to its profitable Angry Birds film however its film income declined within the second quarter of 2020.
However, Rovio mentioned Angry Birds Movie 2 was among the many most watched films on Netflix through the spring.
© Thomson Reuters 2020
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