Rovio shared its financial report for the third quarter of 2021 (ended September 30). He turned out to be the best in the last couple of years. The company earned €71 million, and the revenue of top titles continued to grow. However, the further development of Darkfire Heroes still had to be abandoned — the game did not meet expectations.Darkfire Heroes
Key indicators
The company’s revenue amounted to €71.4 million — an increase of 5.1% compared to the third quarter of last year.
- Operating profit was €14.3 million (an increase of 9.2% year—on-year), and EBITDA was €17.2 million (an increase of 6.5%).
- Gaming revenue amounted to €68.6 million — an increase of 6.9% year-on-year.
- The EBITDA of the gaming division reached €17.5 million.Turkish Ruby Games, which Rovio acquired in August, earned €1 million in September.
- The studio’s revenue remained at the same level as before its purchase.UA expenses amounted to €18.1 million, or 26.4% of the total revenue of the gaming segment.
- This is an increase of 18.6% compared to the third quarter of 2020.Game Data
Rovio’s highest—grossing game remains Angry Birds 2. Its receipts (bookings) for the third quarter amounted to €26.6 million – an increase of 0.5% year-on-year.
- The receipts of Angry Birds Dream Blast amounted to €15 million — 3% less than in the same period last year.
- The revenues of Angry Birds Friends amounted to €8.5 million and increased by 17.9% year-on-year.
- This was due to increased spending on UA.The largest growth was demonstrated by Small Town Murders.
- The game earned €4.1 million, which is 36.7% higher in annual terms. However, the project’s revenues fell by 12% compared to the second quarter of 2021. Rovio explains this by reducing the cost of UA for this game.Darkfire Heroes, which was released in April, brought the least money.
- She earned only €600 thousand. As a result, Rovio switched the game to support mode and decided to direct the team’s efforts to work on more promising projects.