Friday June 5, 2020

Angry Birds creator takes wing as IPO looms

Finnish firm Rovio is weighing up a flotation on the back of massively increased revenues

Emmet Ryan

Technology Correspondent

27th August, 2017

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.

Rovio funded...

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