Rovio reports record Q4 revenues of €286.2 million
James Batchelor
Editor-in-Chief
Friday 11th February 2022
Rovio Entertainment
Rovio enjoyed a strong year thanks to the ongoing performance of key Angry Birds titles, reporting full-year revenues of €286.2 million.
The vast majority of this revenue, €276.4 million to be exact, came directly from its games, a year-on-year increase of 7%.
For the 12 months ended December 31, 2021, Rovio reported adjusted earnings before tax, depreciation and amortization was down 9% year-on-year to €54.8 million, while adjusted operating profit slipped 7% to €43.7 million.
Looking specifically as games results, gross bookings for the year rose 4.7% €271.4 million, while investments into user acquisition increased 32% to €77.2 million -- 27.9% of overall games revenues.
For the three months ended December 31, 2021, Rovio reported group revenues of €78.9 million, up 15% year-on-year, of which games revenues accounted for €76.5 million, up 19% year-on-year.
CEO Alex Pelletier-Normand described the fourth quarter's revenues as a "record high" for the Angry Birds studio.
Gross bookings for games amounted to €74 million, up 14.1% from €64.9 million. Investments into user acquisition rose 29% year-on-year to €20.6 million, which equates to 26.9% of all Q4 games revenue.
Adjusted EBITDA for the quarter was €16.5 million, up 35% from €12.2 million. Meanwhile, adjusted operating profit was up an impressive 75% to €13.1 million.
Three games were credited for much of Rovio's success, all of which grew year-on-year: Angry Birds 2, Angry Birds Dream Blast and Angry Birds Friends.
Dream Blast has now surpassed €180 million in lifetime revenues, while Q4 marked Angry Birds 2's biggest quarter since the start of 2019.
Rovio launched Angry Birds Journey worldwide last
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