Angry Birds creator takes wing as IPO looms
Finnish firm Rovio is weighing up a flotation on the back of massively increased revenues
Rovio, the company behind Angry Birds, is contemplating an IPO on the back of the strong performance of the Angry Birds movie and improved sales in its core gaming business.
Revenue rose 94 per cent last quarter to €86.2 million, with the games business increasing sales 65 per cent to €61.3 million. Sales at the Finnish firm’s brand-licensing unit more than tripled to €24.9 million, helped by proceeds from the Angry Birds Movie.
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