Angry Birds creator reveals revenue growth of 101 percent during 2012

Angry Birds creator Rovio Entertainment announced today its 2012 financial results, revealing revenue growth of 101 percent during the full year.

Sales of games and consumer products resulted in €152.2 million (or nearly $195 million), roughly double compared to revenue of €75.6 million earned in 2011. Earnings prior to interest and taxes were up 64 percent from 2011, amounting in €76.8 million, with net profit after tax hitting €55.5 million a growth from 2011's €35.4 million.

This follows the launch of a number of successful games for the company. In 2012, Rovio released Angry Birds Space, Amazing Alex, Bad Piggies and Angry Birds Star Wars. The result was more than 1 billion downloads in May 2012, with roughly 263 million active monthly users across all platforms. Rovio's primary revenue sources are paid games, virtual goods and advertising.

"We have had a stellar start for this year. In addition to our successful games portfolio we recently launched our first Angry Birds Toons series through third party partners and our own in-game distribution channel. We will continue to strengthen our position in the entertainment business through continuing to innovate on our existing brands, exploring creating new IP as well as exploring opportunities with external parties," Rovio CEO Mikael Hed concluded.

More from Polygon

The horror of Five Nights at Freddy's

  • Dark Souls 2: Crown of the Old Iron King Overview

  • Spacecom: a fast 4X built for multiplayer

  • Pillars of Eternity builds on role-playing classics

  • Tour the 1 KB hard drive built inside Minecraft

Latest Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new Polygon username and password

As part of the new Polygon launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to Polygon going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new Polygon username and password

As part of the new Polygon launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to Polygon going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.
Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_5353_tracker