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Good story, however I'd like to ask if Vesterbacka made any clearer statements on what "managing revenue" means. Their 2011 filing for the Finnish officials sta

Good story, however I'd like to ask if Vesterbacka made any clearer statements on what "managing revenue" means. Their 2011 filing for the Finnish officials state they made about 75 million euros in revenue (far from the $500 million cited in the article). Does this number represent the value of the merchandise sales of the company or was he explicitly referring to the revenue of Rovio itself? Edit: here's the link to the Finnish officials' records http://finder.fi/Televiestintälaitteita%20ja%20palveluja/Rovio%20Entertainment%20Oy/ESPOO/taloustiedot/1176759 http://finder.fi/Televiestintälaitteita%20ja%20palveluja/Rov...

rafweverbergh 14y ago
That's a good question. I was also surprised at the number reported by Total Telecom, which is why I asked Vesterbacka to comment via Twitter. No answer yet, though. Thanks for that link.
rafweverbergh 14y ago
Thanks for your input - I updated the story.
antr 14y ago
Finnish accounts show only the financials of the individual P&L rather than the "consolidated Rovio group" P&L. Unless one is provided with an organisational and shareholding structure (with corresponding financials) it is impossible to know what is and isn't accounted.
- rafweverbergh 14y ago
  So you're basically saying we can't know how much business Rovio is generating through fiscally optimized holding structures outside Finland, then?
- rafweverbergh 14y ago
  Updated with your comments, I hope you don't mind, it seemed important for the story to add your perspective. I added a link to the comments here.
jpark 14y ago
Definitely need a clarification. By comparison, Supercell which has the #1 top grossing app (Clash of Clans) and #4 top grossing app (Hay Day) was reported to have $15M in gross monthly revenue, which is far less than Vesterbacka's statement about Rovio, but closer in line with Rovio's Finnish filing. Angry Birds Star Wars is currently #46. Maybe the merchandise and licensing is where the money is at?

rafweverbergh 14y ago

That's a good question. I was also surprised at the number reported by Total Telecom, which is why I asked Vesterbacka to comment via Twitter. No answer yet, though. Thanks for that link.

rafweverbergh 14y ago

Thanks for your input - I updated the story.

antr 14y ago

Finnish accounts show only the financials of the individual P&L rather than the "consolidated Rovio group" P&L. Unless one is provided with an organisational and shareholding structure (with corresponding financials) it is impossible to know what is and isn't accounted.

rafweverbergh 14y ago
So you're basically saying we can't know how much business Rovio is generating through fiscally optimized holding structures outside Finland, then?
rafweverbergh 14y ago
Updated with your comments, I hope you don't mind, it seemed important for the story to add your perspective. I added a link to the comments here.

jpark 14y ago

Definitely need a clarification. By comparison, Supercell which has the #1 top grossing app (Clash of Clans) and #4 top grossing app (Hay Day) was reported to have $15M in gross monthly revenue, which is far less than Vesterbacka's statement about Rovio, but closer in line with Rovio's Finnish filing. Angry Birds Star Wars is currently #46. Maybe the merchandise and licensing is where the money is at?