Rovio Posts 2015 Operating Loss

Posted by at 10:10 am on April 7, 2016

Rovio LogoRovio Entertainment, producer of Angry Birds, posted an operating loss for the full year of 2015, with restructuring and an investment in an upcoming movie said to be to blame.

Reuters reports the adjusted operating loss was €13 million ($14.75 million) for last year, down from a profit of €10 million for 2014 and €77 million for 2013, while sales fell year on year from €158 million to €142 million.

For this year, the company claims the first quarter is already profitable, and hopes the Angry Birds movie will help it gain more revenue from licensing deals

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email


Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2024 · StreetCorner Media , LLC· All Rights Reserved ·