HELSINKI (Reuters) - Rovio Entertainment <ROVIO.HE>, maker of the 10-year-old "Angry Birds" mobile game series, on Friday reported a 160% jump in second-quarter adjusted operating profit, helped by increased player engagement amid COVID-19 lockdowns.
"We reached record high games revenue driven by the strong performance of our key games," CEO Kati Levoranta said in a statement.
Adjusted operating profit rose to 13.8 million euros from 5.3 million while revenue fell 3.6% to 69.2 million euros 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 ...
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