Offended Birds Dream Blast was Rovio’s greatest recreation of Q3 with gross bookings of 24.9 million euros in comparison with 14.9 million in 2021, representing a year-on-year improve of 67.7%.
The corporate’s newest monetary report analyses the corporate’s efficiency over the primary quarter of 2023, and the interval noticed the corporate generate 76 million euros, representing a ten.5% lower from 85 million in the identical interval of 2022. In distinction, the corporate noticed a 17.5% improve in each working revenue (8.8 million euros in comparison with 7.5 million) and an 8.8% improve in EBITDA (12.1 million euros in comparison with 11.1 million) over the identical interval. Nevertheless, adjusted working revenue fell barely from 11.8% in Q1 2022 to 11.5% in Q1 2023.
“Within the first quarter of 2023, Offended Birds Dream Blast continued its robust development and reached a brand new income report, rising by 67.7% in comparison with the identical interval final yr and by 15.3% in comparison with the earlier quarter,” mentioned Rovio CEO Alex Pelletier-Normand. “Taking a look at our efficiency as an entire, our comparable gross bookings grew by 0.9% sequentially, total in keeping with the US cell gaming market, slowly recovering from the weaker than regular vacation season in December. Throughout the identical interval, we had been happy to see our new video games taking leaps ahead.
“Our comparable income decreased by 13.2% in opposition to the identical interval within the earlier yr, largely because of the launch of Offended Birds Journey in early 2022 affecting the comparability figures. Our adjusted working revenue declined in keeping with the decrease income.”
Offended Birds guidelines the roost
The Offended Birds franchise dominated the corporate’s monetary efficiency over Q1. Whereas Offended Birds Dream Blast got here in pole place, Offended Birds 2 was a detailed second producing 24.8 million euros in gross bookings. This was adopted by Offended Birds Buddies (8.6 million euros), Offended Birds Journey (3.6 million euros) and Offended Birds Pop! (1.7 million euros.)
The franchise’s dominance has traditionally led to Rovio being thought-about one thing of a one trick pony, nevertheless with Offended Birds’ efficiency each within the video games area and the broader leisure trade, it’s clear that this trick stays profitable. The corporate was acquired by Sega for 706 million euros in April, elevating the opportunity of each future console video games and the event of cell video games primarily based on Sega IPs by Rovio.
The corporate’s slate of hypercasual titles generated a collective 2.8 million euros, whereas all different video games drew a mixed complete of 5.5 million.
We listed Rovio as one of many high 50 cell recreation makers of 2022.
