Brief: Rovio Q3 Games' Gross Bookings Down By 4.7%

Rovio Entertainment Oyj

27/10/2023 07:28

Oct 27 (Reuters) - Rovio Entertainment Oyj  ROVIO.HE :
    * Q3 GAMES' GROSS BOOKINGS DECLINED BY 4.7% TO EUR 67.5
MILLION
(70.8)
    * 2023 OUTLOOK: WE EXPECT OUR COMPARABLE REVENUE TO BE LOWER
THAN
LAST YEAR AND ADJUSTED OPERATING PROFIT TO BE AT LAST YEAR'S
LEVEL
    * OUTLOOK: Q4 USER ACQUISITION INVESTMENTS EXPECTED TO BE
25-30%
OF GAMES' REVENUES
    * GROUP REVENUE DECLINE MAINLY DRIVEN BY ANGRY BIRDS 2 AND
ANGRY
BIRDS JOURNEY
    * SEGA'S ACQUISITION OF ROVIO HAS PROGRESSED TO POINT THAT
THEY
HAVE COMMENCED REDEMPTION PROCEEDINGS IN RESPECT OF ROVIO'S
MINORITY SHARES IN ORDER TO OBTAIN OWNERSHIP OF ALL ISSUED AND
OUTSTANDING SHARES

Source text for Eikon:  ID:nGNEbxX5yS 
Further company coverage:  ROVIO.HE 

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