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Angry Birds maker Rovio doubles first-quarter profit

Reuters  |  HELSINKI 

HELSINKI (Reuters) - Rovio Entertainment, the maker of the "Angry Birds" mobile game series and movie, doubled operating profit in the first quarter as growth in its top games offset negative effects from currency exchange rates.The company, which listed its shares last September, on Thursday reported adjusted operating profit in the quarter increased to 10 million euros ($12 million) from about 5 million euros a year ago. Sales fell by 1 percent on declining revenue from its 2016 Hollywood movie.Rovio reiterated its full-year outlook, which in February wiped 50 percent off its share price. ...

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First Published: Thu, May 17 2018. 11:52 IST
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