Brief: Rovio Entertainment Q1 Adjusted Operating Profit Flat At EUR 10.0 Million

Rovio Entertainment Oyj

29/04/2022 07:19

April 29 (Reuters) - Rovio Entertainment Oyj  ROVIO.HE :
    * MOBILE FREE-TO-PLAY MARKET HAS CONTINUED TO FACE HEADWINDS
DURING QUARTER, RECORDING ITS THIRD CONSECUTIVE Q-O-Q DECLINE
ACCORDING TO DATA.AI
    * Q1 EARNINGS PER SHARE 0.07 EUR
    * REG-ROVIO ENTERTAINMENT CORP.: Q1 INTERIM REPORT: REVENUE
GREW
26.6% AND 11.8% ON COMPARABLE BASIS IN Q1
    * Q1 REVENUE EUR 85.0 MILLION VERSUS EUR 67.1 MILLION YEAR
AGO
    * Q1 ADJUSTED OPERATING PROFIT EUR 10.0 MILLION VERSUS EUR
10.1
MILLION YEAR AGO
    * Q1 GAMES SEGMENT GROSS BOOKINGS EUR 80.8 MILLION VERSUS
EUR 64.2
MILLION YEAR AGO
    * GROWTH WAS FUELED BY LAUNCH OF ANGRY BIRDS JOURNEY IN
JANUARY,
GOOD PERFORMANCE OF ANGRY BIRDS 2 AND ANGRY BIRDS FRIENDS, AND
BY RUBY GAMES' NICE PROGRESSION
    * DESPITE SUBSTANTIAL MARKETING INVESTMENTS DURING LAUNCH
WEEKS OF
ANGRY BIRDS JOURNEY, HIGH LEVEL OF REVENUES KEPT OUR
PROFITABILITY AND CASH FLOW AT A SOLID LEVEL
    * LARGEST GAME, ANGRY BIRDS 2 CONTINUED ITS STRONG
PERFORMANCE
WITH GAME'S GROSS BOOKINGS GROWING OVER 20% YEAR-ON-YEAR, AND
ACHIEVING ITS HIGHEST QUARTERLY REVENUE SINCE Q1 2019
    * ANGRY BIRDS FRIENDS CONTINUED TO GROW DOUBLE DIGITS
YEAR-ON-YEAR
AND REACHED ITS HIGHEST QUARTERLY GROSS BOOKINGS SINCE Q4 2016
    * 2022 OUTLOOK (UNCHANGED)
    * WE EXPECT MARKET TO CONTINUE TO GO THROUGH CHALLENGING
CHANGES
RESULTING FROM NORMALIZATION OF SPENDING HABITS POST-COVID AND
SIGNIFICANT IMPACT OF APPLE'S ATT (APP TRACKING TRANSPARENCY) ON
MARKETING LANDSCAPE
    * Q1 USER ACQUISITION INVESTMENTS EUR 31.1 MILLION VERSUS
EUR 17.3
MILLION YEAR AGO
    * Q1 GAMES REVENUE EUR 82.3 MILLION VERSUS EUR 64.9 MILLION
YEAR
AGO

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