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They are still racking in the revenue, and have a solid business, despite the Angry Birds dependency. Per their Q4'22 filing [1], they had 1B in downloads and p
by notfried 3y ago
They are still racking in the revenue, and have a solid business, despite the Angry Birds dependency. Per their Q4'22 filing [1], they had 1B in downloads and positive operating cash flow. Their 2022 revenue from Angry Birds is also the highest year since it launched. Their market cap is currently at 645M, so they're exiting at a premium.
[1] https://investors.rovio.com/sites/rovio-ir-v2/files/2023-04/Rovio%20Entertainment_Investor%20Presentation_February%202023.pdf https://investors.rovio.com/sites/rovio-ir-v2/files/2023-04/...