Rovio noted a slight drop in revenue, earning €67.9 million in three months

Rovio has published a financial report for the third quarter (July-September). During this period, the company earned €67.9 million. Despite the generally good performance of already released games, revenue fell compared to last year’s results.Key figures for the third quarter

Rovio’s total revenue fell by 9.2% compared to the third quarter of 2019;

• the company attributes this to a drop in revenue from the sale of licenses for its products — they amounted to €3.7 million and fell by 56.4% year-on-year;
• Despite this, operating profit increased by 5.2% and amounted to €12.8 million.;
• Revenue from Rovio games amounted to €64.2 million and fell by 3.3% year-on-year.
• However, when recalculating the results in other currencies, revenues increased by 1%;The EBITDA of the company’s gaming business increased by 96.3% year-on-year and amounted to €16.2 million.
• This is due to the fact that in the third quarter Rovio reduced the cost of attracting users;The DAU of Rovio projects in the third quarter amounted to 3.2 million, and the monthly number of unique players fell to 380 thousand (9.5% less in annual terms).
• “Our revenue fell slightly compared to the second quarter of 2020, as revenues and player engagement returned to normal after the peak that occurred during the quarantine associated with the global pandemic,” explains CEO Kati Levoranta.
  

Data on the top 5 games for the third quarterRovio continues to develop and scale its new Small Town Murders game.

• During the reporting period, she earned €3 million.;Angry Birds 2 earned €26.5 million — 8% less than in the second quarter, but 6% more in annual terms;
• Angry Birds Dream Blast earned €15.5 million (13% less than in the same period last year);
• Angry Birds Friends turned out to be one of the most stable Rovio games.
• The revenue of the project increased significantly compared to last year’s figures and amounted to € 7.2 million;The revenue of Angry Birds Match continued to fall.
• In the third quarter, the game earned €2.9 million — almost half as much in annual terms.Future plans

Rovio is currently developing eight games at once, three of which are at the soft launch stage: Angry Birds Legends, Hard Head Squad and Darkfire Heroes;

• in total, the company plans to release 1-3 projects in fiscal year 2020.
• The number will depend on the indicators that the games will show during soft-launches;Rovio does not give accurate forecasts for annual revenue, but expects it to fall (at the end of the 2019 fiscal year, the company earned €289.1 million);
• At the end of 2020, Katya Levoranta will leave the post of CEO of the company, which she has held since January 2016.
• “Today Rovio is in a good financial position, we have a strong gaming portfolio and a great team of talented people,” she says.Also on the topic:
  

• Rovio has released a narrative match-3 about the investigation of murders. The company used AI for testingRovio: “We use machine learning when creating levels”
• The studio of natives from Rovio received $6.8 million for its debut project
• Is there any news?