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BRIEF-Rovio Entertainment Q1 Adjusted Operating Profit Flat At EUR 10.0 Million

reuters.com · 04/29/2022 02:19
BRIEF-Rovio Entertainment Q1 Adjusted Operating Profit Flat At EUR 10.0 Million

- Rovio Entertainment Oyj RVTTY:

  • MOBILE FREE-TO-PLAY MARKET HAS CONTINUED TO FACE HEADWINDS DURING QUARTER, RECORDING ITS THIRD CONSECUTIVE Q-O-Q DECLINE ACCORDING TO DATA.AI

  • Q1 EARNINGS PER SHARE 0.07 EUR

  • REG-ROVIO ENTERTAINMENT CORP.: Q1 INTERIM REPORT: REVENUE GREW 26.6% AND 11.8% ON COMPARABLE BASIS IN Q1

  • Q1 REVENUE EUR 85.0 MILLION VERSUS EUR 67.1 MILLION YEAR AGO

  • Q1 ADJUSTED OPERATING PROFIT EUR 10.0 MILLION VERSUS EUR 10.1 MILLION YEAR AGO

  • Q1 GAMES SEGMENT GROSS BOOKINGS EUR 80.8 MILLION VERSUS EUR 64.2 MILLION YEAR AGO

  • GROWTH WAS FUELED BY LAUNCH OF ANGRY BIRDS JOURNEY IN JANUARY, GOOD PERFORMANCE OF ANGRY BIRDS 2 AND ANGRY BIRDS FRIENDS, AND BY RUBY GAMES' NICE PROGRESSION

  • DESPITE SUBSTANTIAL MARKETING INVESTMENTS DURING LAUNCH WEEKS OF ANGRY BIRDS JOURNEY, HIGH LEVEL OF REVENUES KEPT OUR PROFITABILITY AND CASH FLOW AT A SOLID LEVEL

  • LARGEST GAME, ANGRY BIRDS 2 CONTINUED ITS STRONG PERFORMANCE WITH GAME'S GROSS BOOKINGS GROWING OVER 20% YEAR-ON-YEAR, AND ACHIEVING ITS HIGHEST QUARTERLY REVENUE SINCE Q1 2019

  • ANGRY BIRDS FRIENDS CONTINUED TO GROW DOUBLE DIGITS YEAR-ON-YEAR AND REACHED ITS HIGHEST QUARTERLY GROSS BOOKINGS SINCE Q4 2016

  • 2022 OUTLOOK (UNCHANGED)

  • WE EXPECT MARKET TO CONTINUE TO GO THROUGH CHALLENGING CHANGES RESULTING FROM NORMALIZATION OF SPENDING HABITS POST-COVID AND SIGNIFICANT IMPACT OF APPLE'S ATT (APP TRACKING TRANSPARENCY) ON MARKETING LANDSCAPE

  • Q1 USER ACQUISITION INVESTMENTS EUR 31.1 MILLION VERSUS EUR 17.3 MILLION YEAR AGO

  • Q1 GAMES REVENUE EUR 82.3 MILLION VERSUS EUR 64.9 MILLION YEAR AGO

Source text for Eikon: [ID:]

Further company coverage: RVTTY


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