BREAKING NEWS
This content is not available in your region

Angry Birds maker Rovio's third-quarter profit halves year-on-year

Access to the comments Comments
Angry Birds maker Rovio's third-quarter profit halves year-on-year
An Angry Birds game character is seen at the Rovio headquarters in Espoo, Finland March 13, 2019. REUTERS/Anne Kauranen/Files   -   Copyright  Anne Kauranen(Reuters)
Text size Aa Aa

HELSINKI (Reuters) – Rovio Entertainment <ROVIO.HE>, the maker of the 10-year-old “Angry Birds” mobile game series, reported on Wednesday a 48% drop in its quarterly profit year-on-year, due to higher costs to obtain new players.

The Finnish company, which listed its shares last year and cut its 2019 outlook on higher investment costs last month, said its third-quarter operating profit was 5.4 million euros ($6.00 million), while sales grew 5.4% on year to 74.8 million euros.

($1 = 0.9000 euros)

(Reporting by Anne Kauranen; Editing by Himani Sarkar)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.