Angry Birds Maker Rovio Reports Profit Jump

HELSINKI: Rovio Entertainment , maker of the 10-year-old “Angry Birds” mobile game series, on Friday reported a 138% jump in third-quarter adjusted operating profit, helped by lower marketing costs and stable games revenue.

The Finnish company, which listed its shares in 2017, said its profit rose to 12.8 million euros ($15.1 million) from 5.4 million a year earlier, while revenue fell 9.2% to 67.9 million euros due to lower brand licensing revenue.