Rovio's profit fell by 51% in 2013%

According to the financial results of last year, the Finnish company's profit amounted to only $37 million, falling by 51% compared to the same results in 2012.

In total, Rovio earned $215 million in 2013. This is 2.5% more than in 2012. Of this money, 47% was spent on consumer goods distributed under the Angry Birds brand.

The profit, excluding taxes, amounted to $50 million (a 52% drop).

The drop in sales in the company is explained by investment costs.

"In 2013, we invested in new areas for ourselves, such as animation, video distribution, and new gaming business models," he told the publication PocketGamer.biz Rovio's Chief Financial Officer, Herkko Soininen.

And indeed: in the past year alone, the company founded an animation studio in Los Angeles, created the largest animation team in Northern Europe, organized the mobile game publisher Rovio Stars and began releasing free-to-play projects.

A source: http://www.pocketgamer.biz

Rovio (Rovio Entertainment) is a Finnish company that initially positioned itself as a mobile game development team. Today, it claims the laurels of the entertainment corporation. It was founded in 2003 by three students. In 2009, she released Angry Birds, whose crazy popularity made Rovio one of the central companies in the mobile market.