Rovio’s Angry Birds Surpasses 1 Billion Downloads
Rovio has released their first financial figures this past week. Rovio is still debating whether or not to go public sometime. “This is a decision of Rovio’s owners if Rovio will file for IPO, when it would be and in what market,” stated Rovio CEO Mikael Hed. “These kind of decisions have not been made.”
Hed’s father Kaj mortgaged his own parents’ house to keep the company from going bankrupt right before releasing Angry Birds. After the game was released, it changed the lives of the people working at the company forever. Rovio made $106.3 million in revenue with pre-tax profits of $67.6 million (64% of their total revenue). Rovio also reported one billion cumulative downloads for their various Angry Birds games.
“The business for 2012 looks very good,” Hed said in an email interview. “Space has been a major success and we have a few games coming up, including a new game outside of the Angry Birds family. Our animation studio is working on Angry Birds animation series, which will come out later this year.”
Rovio is working on building a Windows Phone version of Angry Birds Space, which has been downloaded millions of times for iOS, Android, Macs, and PCs.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry