Finnish recreation maker Rovio, greatest recognized for its Angry Birds franchise, on Friday reported an increase in its fourth-quarter working revenue, boosted by development from its high three video games.

“All our top three games Angry Birds 2, Angry Birds Dream Blast, and Angry Birds Friends grew year-on-year,” the Helsinki-based cellular recreation maker stated.

Rovio stated it expects sturdy high line development for the yr however its adjusted working revenue to lower year-on-year resulting from investments in new video games growth and advertising and marketing.

Rovio is looking for development from diversifying its portfolio, having acquired Turkish Ruby Games in August and by partnering as much as create new cellular video games for Moomins, cartoon characters initially common from a sequence of books and a comic book strip.

“We continue our M&A efforts, aiming to build new growth avenues within casual games, grow our audience network, and establish value through synergies across our game portfolio and studios,” Rovio Chief Executive Alex Pelletier-Normand stated in an announcement.

Rovio reported underlying working revenue of EUR 13.1 million (roughly Rs. 110 crore) for the October-December quarter, up round 75 % from a yr earlier.

Rovio’s board proposed a dividend of EUR 0.12 (roughly Rs. 10) per share.

© Thomson Reuters 2022