Brief: Rovio Q3 Adjusted Operating Profit Falls To EUR 12.1 Mln

Rovio Entertainment Oyj

28/10/2022 07:18

Oct 28 (Reuters) - Rovio Entertainment Oyj  ROVIO.HE :
    * REG-ROVIO ENTERTAINMENT CORP.: Q3 INTERIM REPORT: LIVE
GAMES
SHOWING STRENGTH
    * 2022 OUTLOOK HAS BEEN UPDATED
    * Q3 GROUP REVENUE EUR 77.4 MILLION VERSUS EUR 71.4 MILLION
YEAR
AGO
    * Q3 ADJUSTED OPERATING PROFIT EUR 12.1 MILLION VERSUS EUR
14.3
MILLION YEAR AGO
    * OUTLOOK 2022: WE ARE EXPECTING REPORTED REVENUE TO BE
SIGNIFICANTLY HIGHER AND REVENUE AT COMPARABLE FX TO BE SOMEWHAT
HIGHER YEAR-ON-YEAR
    * OUTLOOK 2022: DEPENDING ON SPEED OF GROWTH AND INVESTMENTS
IN
USER ACQUISITION TO FUEL THAT GROWTH, ESPECIALLY IN CASE OF NEW
GAMES, AND OUR LARGER INVESTMENTS IN NEW GAMES DEVELOPMENT,
ADJUSTED OPERATING PROFIT IS EXPECTED TO BE LOWER YEAR-ON-YEAR
    * Q3 GROSS BOOKINGS OF ANGRY BIRDS DREAM BLAST, ROVIO'S
SECOND
LARGEST GAME INCREASED YEAR-ON-YEAR BY 17.5% TO EUR 17.6 MILLION
    * Q3 GROSS BOOKINGS OF ANGRY BIRDS 2, ROVIO'S LARGEST GAME,
WERE
EUR 28.7 MILLION AND GREW 7.8% YEAR-ON-YEAR
    * Q3 USER ACQUISITION INVESTMENTS WERE EUR 21.3 MILLION
(18.1) AND
28.7% OF GAMES' REVENUE (26.4%)

Source text for Eikon:  ID:nGNE8JX4Xy 
Further company coverage:  ROVIO.HE 
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