Rovio shares enjoy their best day ever after Q3 beat

Rovio Entertainment Oyj

28/10/2021 12:44

(Updates share move, adds minestones comments)
    ** Shares of Rovio  ROVIO.HE  surge 14.8% in heavy volumes,
headed for their best day ever after the Finnish game maker
delivered Q3 beat driven by strong performance of Angry Birds
Friends  urn:newsml:reuters.com:*:nL8N2RO2DV
    ** Jefferies says a 58% beat on adjusted EBITDA is a "major
positive", while Q3 revenue came in about 2% above consensus
    ** Rovio said in a statement that Angry Birds Friends had
its best quarter since Q2 2017, growing its gross bookings to
EUR 8.5 mln
    ** Commenting on the recent acquisition, Jefferies says
first revenue from Ruby Games and the soft launch of its Hunter
Assassins 2 is encouraging, though more evidence is needed to
see the full revenue potential 
    ** The stock, which has rised 9.4% this year, is set for its
best day since its listing in 2017

 (Reporting by Milla Nissi, Izabela Niemiec)
 ((milla.nissi@tr.com))