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.
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