Brief: Rovio Q3 Adjusted Operating Profit Up At EUR 14.3 Mln

Rovio Entertainment Oyj

28/10/2021 07:11

Oct 28 (Reuters) - Rovio Entertainment Oyj  ROVIO.HE :
    * Q3 EARNINGS PER SHARE 0.16 EUR
    * REG-ROVIO ENTERTAINMENT CORP.: Q3 INTERIM REPORT: GAMES –
STRONG
GROWTH AND HIGH PROFITABILITY
    * Q3 REVENUE WAS EUR 71.4 MILLION (67.9) AND INCREASED 5.1%
YEAR-ON-YEAR
    * Q3 GROUP ADJUSTED OPERATING PROFIT WAS EUR 14.3 MILLION
(12.8)
AND ADJUSTED OPERATING PROFIT MARGIN 20.0% (18.9)
    * Q3 GAMES REVENUE INCREASED 6.9% YEAR-ON-YEAR TO EUR 68.6
MILLION
(64.2)
    * 2021 OUTLOOK (UNCHANGED)
    * Q3 GAMES GROSS BOOKINGS WERE EUR 66.7 MILLION (64.5) AND
INCREASED BY 3.3% YEAR-ON-YEAR
    * CLOSED ACQUISITION OF RUBY GAMES FIRST TRANCHE (20% OF
SHARES)
IN SEPTEMBER
    * Q3 USER ACQUISITION INVESTMENTS WERE EUR 18.1 MILLION
(15.3) AND
26.4% OF GAMES SEGMENT'S REVENUE (23.8%)
    * WE CONTINUE TO SHOW DILIGENCE IN OUR UA SPEND
    * DEPENDING ON MARKET CONDITIONS, PERFORMANCE OF OUR
INVESTMENTS,
AND LAUNCH OF NEW GAMES, WE AIM TO INCREASE OUR UA INVESTMENTS
TO BUILD GROWTH FOR COMING YEARS. THIS MAY HAVE IMPLICATIONS ON
SHORT-TERM PROFITABILITY.
    * WE SEEK GROWTH THROUGH SYNERGISTIC ACQUISITIONS THAT CAN
DELIVER
LONG-TERM VALUE GROWTH
    * ANGRY BIRDS FRIENDS KEPT ON GROWING AND HAD ITS BEST
QUARTER
SINCE Q2-2017
    * WE REDUCED MARKETING SPEND FOR SMALL TOWN MURDERS AND
DARKFIRE
HEROES AND CONSEQUENTLY THIS HAD A NEGATIVE IMPACT ON THESE
GAMES REVENUES IN Q3.

Source text for Eikon:  ID:nGNE6Ml9GY 
Further company coverage:  ROVIO.HE 

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