Earlier in August, Rovio reported a 160 percent jump in second-quarter adjusted operating profit. “We reached record high games revenue driven by the strong performance of our key games,” Levoranta said in a statement.
Adjusted operating profit rose to EUR 13.8 million (roughly Rs. 121 crores) from EUR 5.3 million (roughly Rs. 46 crores) while revenue fell 3.6 percent to EUR 69.2 million (roughly Rs. 610 crores) due to lower movie revenue, said the Finnish company, which listed its shares in 2017.
The company attributed the improved performance to "increased player engagement due to COVID-19" as well as lower marketing costs.
"The overall impact of COVID-19, which was visible in a higher level of downloads, daily active users and player engagement, peaked in late April," Levoranta said.