Angry Birds’ Rovio Earned $106M In 2011.
Angry Birds Maker Rovio announced today that it has $106M in revenues in 2011. For some this might be a surprise but for us its not as the Angry Birds are everywhere we look. Our son’s little league’s team bag has a bird. We just paid extra for the Roku version that comes with Angry Birds. Today Comscore put out a report indicating that 80% of time spent in apps.
The reason for the financials announcement seems to be that Rovio wants to get some excitement for an upcoming IPO. A big moment for Rovio will be when its plans to launch several more titles in 2012 come to fruition. This will include a non-Angry Birds title.
Finland-based Rovio raised$42M in Series A from Accel Partners, Atomico and Felicis Ventures. Given its rapid growth, some analysts have valued Rovio at $9B, which is comparable to the valuation of the struggling world number 2 phonemaker Nokia.
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