Angry Birds hurled more than $100 million to developer Rovio last year

Angry Birds hurled more than $100 million to developer Rovio last year
The Finnish mobile game developers Rovio spilled some plans that they are mulling an initial public offering (IPO) to be listed on the stock exchange now that business is good. 

Company valuations are at the breathtaking $9 billion now - compare that with the current around $12 billion valuation of the fellow countryfirm Nokia, the world's second largest phone maker. 

And how much exactly did the agitated feathery creatures bring last year to Rovio's coffers. A cool $106 million, it turns out. When all is said and done, Rovio raked in about $62 million pure profit from the Angry Birds franchise in 2011, making for the astonishing 60%+ profit margin, which even Apple can only dream of. And that's with 224 employees at the end of last year.

The game has been downloaded 800 million times to date, with 200 million active users just at the end of 2011. For 2012 the developers are citing strong growth numbers as well, after launching the newest Angry Birds Space edition, and are also working on a non-ornithology game, which is apparently a pretty secret project.

source: Rovio

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3 Comments

1. tward291

Posts: 559; Member since: Feb 14, 2012

nice to see a cool little app take off

2. ZEUS.the.thunder.god unregistered

its a game changing game which definately has changed the game. good luck Rovio

3. gkquiambao

Posts: 62; Member since: Nov 23, 2011

Good job Rovio.

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