May 8, 2012 at 14:40Rovio earned 100 million USD, plans an IPO
Finnish company Rovio Entertainment Ltd. announced financial results for 2011 . He was very successful: sales grew ten times and exceeded $ 100 million * (75.4 million euros). Profit before tax is 64% of revenue (48 million euros), that is, the profitability of the business is fantastic. Last year, the company reached a completely new level: the number of employees increased from 28 to 224 people.
It is interesting that the company received 30% of its revenue as royalties, as well as from the sale of related products: T-shirts, toys and other souvenirs. Under the Rovio franchise, more than 200 companies worldwide sell Angry Birds merchandise.
In addition to financial results, the Rovio report contains figures on the popularity of Angry Birds, including the number of downloads and the number of active users. In 2011, the game was downloaded 648 million times, given the versions for all platforms. An active monthly audience of 200 million people. Few games in the world boast such a wide audience. This is far from the limit: the beginning of 2012 looks very promising for Rovio. The growth in sales is greatly helped by the increasing popularity of smartphones and tablets among the population. The new Angry Birds Space series has been downloaded over 50 million times in 35 days after the release.
According to analystsThe market value of Rovio is now about $ 9 billion, which is an excellent position for an IPO. For comparison, the capitalization of another Finnish company Nokia is currently fluctuating around $ 12 billion. Comparing Rovio and Nokia looks like nonsense, but this is a realistic assessment of the prospects for their business. Rumor has it that in the summer of 2011 Zynga tried to buy Rovio for $ 2.25 billion, but the negotiations were unsuccessful.
Perhaps the placement of Rovio shares will take place next year in New York or Gonkog. Until this time, Rovio plans to release several more games, and not just the next Angry Birds sequels, but completely new games.
Rovio was founded in 2003, but the breakthrough came after the release of Angry Birds under the iPhone in late 2009. Since then, the game tops the ratings of the most popular gaming applications on the App Store.
* The average USD / EUR exchange rate for the median for 2011 was 1.41 .
It is interesting that the company received 30% of its revenue as royalties, as well as from the sale of related products: T-shirts, toys and other souvenirs. Under the Rovio franchise, more than 200 companies worldwide sell Angry Birds merchandise.
In addition to financial results, the Rovio report contains figures on the popularity of Angry Birds, including the number of downloads and the number of active users. In 2011, the game was downloaded 648 million times, given the versions for all platforms. An active monthly audience of 200 million people. Few games in the world boast such a wide audience. This is far from the limit: the beginning of 2012 looks very promising for Rovio. The growth in sales is greatly helped by the increasing popularity of smartphones and tablets among the population. The new Angry Birds Space series has been downloaded over 50 million times in 35 days after the release.
According to analystsThe market value of Rovio is now about $ 9 billion, which is an excellent position for an IPO. For comparison, the capitalization of another Finnish company Nokia is currently fluctuating around $ 12 billion. Comparing Rovio and Nokia looks like nonsense, but this is a realistic assessment of the prospects for their business. Rumor has it that in the summer of 2011 Zynga tried to buy Rovio for $ 2.25 billion, but the negotiations were unsuccessful.
Perhaps the placement of Rovio shares will take place next year in New York or Gonkog. Until this time, Rovio plans to release several more games, and not just the next Angry Birds sequels, but completely new games.
Rovio was founded in 2003, but the breakthrough came after the release of Angry Birds under the iPhone in late 2009. Since then, the game tops the ratings of the most popular gaming applications on the App Store.
* The average USD / EUR exchange rate for the median for 2011 was 1.41 .