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Rovio Entertainment Ltd.
Business Summary
Rovio Ltd. is a privately-held, venture capital backed online and mobile games company. Rovio's flagship characters are the Angry Birds. Rovio revenue is derived from in-game purchases, in-game advertising, and consumer products licensing. Rovio headquarters are located in Finland.
Recent News, Updates, and Analysis
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ANGRY BIRDS' Studio Soared In 2012 With 101% Revenue Growth & 50% Profit Margins: PrivCo Financials Show 2012 Revenue Jumped 101% to $195 Million, Licensing Revenue Tripled, ROVIO's 50% Operating Income Margins Make It Envy of Online Gaming Startups: Set To IPO in 2014 At $4.2 Billion Valuation
Apr. 2013 Rovio Entertainment Ltd. has demonstrated phenomenal 101% revenue growth in 2012 … Read More »
Overview & Corporate Organization
Basic Information
| Company Tags: | VC Backed |
| Year Founded: | 2003 |
| Formerly Named: | Relude Rovio Mobile |
| Fiscal Year End: | 06/30 |
| 1YR Revenue Growth Rate: | View % |
| 1YR Employee Growth Rate: | View % |
| City: | Espoo |
| Country: | Finland |
| Phone: | View |
| Fax: | View |
| Website: | www.rovio.com |
Corporate Organization
| Brands: | Amazing Alex Angry Birds Burger Rush Totomi War Diary Angry Birds Seasons Space Impact: Meteor Shield Bounce Evolution |
| Founders: | Jarno Väkeväinen Kim Dikert Niklas Hed |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Competitors
| PopCap Games, Inc. |
| Zynga, Inc. |
Ownership
| Owner Name | Type of Owner | % Ownership Stake |
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Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2012 | 2011 | 2010 |
| Revenues | View | View | View |
| Cost of Goods Sold (Cost of Sales) | View | View | |
| Selling, General & Administrative Expenses | View | View | |
| Wages & Salaries | View | View | |
| Other Operating Expenses | View | View | |
| Operating Income (Loss) | View | View | View |
| EBIT | View | View | |
| Net Income (Loss) | View | View | View |
| Balance Sheet | 2012 | 2011 | 2010 |
| Current Assets | View | View | |
| Cash and Cash Equivalents | View | View | |
| Accounts Receivable | View | View | |
| Inventory | View | View | |
| Other Current Assets | View | View | |
| Non-Current Assets | View | View | |
| Property, Plant and Equipment | View | View | |
| Intangible Assets | View | View | |
| Other Non-Current Assets | View | View | |
| Total Assets | View | View | |
| Current Liabilities | View | View | |
| Accounts Payable | View | View | |
| Short Term Debt | View | View | |
| Other Current Liabilities | View | View | |
| Non-Current Liabilities | View | View | |
| Long Term Debt | View | View | |
| Other Non-Current Liabilities | View | View | |
| Stockholders Equity | View | View | |
| Employee Figures | 2012 | 2011 | 2010 |
| Total Employees | View | View | View |
| Productivity (Revenue/Employee) | View | View | View |
| Revenues Breakdown | 2012 | 2011 | 2010 |
| Consumer Products Revenue | View | View |
| Financial Notes: | |
| * | Rovio Entertainment Ltd. fiscal year end: 06/30 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Rovio Entertainment Ltd. financials to Excel and create your own graphs.)
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Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | 2003 | Completed | Rovio Entertainment Ltd - King Of Cabbage | Digital Chocolate | Acquisition Asset Sale Intellectual Property Sale (IP) | Unspecified |
| Details | Jun. 2011 | Completed | View | View | Acquisition | View |
| Details | Sep. 2011 | Bid Submitted | View | View | Acquisition | View |
| Details | Mar. 2012 | Completed | View | View | Acq-Hire Acquisition Asset Sale | View |
| Details | May. 2012 | Completed | View | View | Acquisition Intellectual Property Sale (IP) | View |
Missing a deal? Tell us about it! tips@privco.com
VC/Funding Activity
| Date | Investor | Round | Investor Type | |
| 2005 | Kaj Hed1 | Seed | Angel / Individual | |
| Details | Total Round Seed $1,000,000 | |||
| Mar. 2011 | View | A | Venture Capital | |
| Mar. 2011 | View | A | Venture Capital | |
| Mar. 2011 | View | A | Venture Capital | |
| Details | Total Round A View | |||
| Total of Funding Shown Above View | ||||
| 1 | Trema International Holdings BV is the largest shareholder in Rovio. - Details → |
Missing a deal? Tell us about it! tips@privco.com
Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Mar. 2011 | View | View | View | View | View | View |
Detailed Business Description: Rovio Entertainment Ltd.
Pre-Angry Birds
Rovio, originally named Relude, was founded by three Finnish students following a technology competition sponsored by Nokia and Hewlett Packard. Following the competition and the success of the founders' creation King of the Cabbage World,, the team incorporated their company and focused on producing multiplayer, real-time games.
In 2005, Relude received $1 million in angel funding and rechristened itself as Rovio Mobile.
Angry Birds
Since its creation in December, 2009, Angry Birds has defined the Finnish app developer's success. Selling for $1 each, Angry Birds downloads topped 30 million on the Apple App Store in 2010. Rovio began to sell the game on other devices, including Android-based smartphones, computers, and video game consoles. Separate, themed versions of the game have also been released. In September 2011, total downloads of the game reached 350 million. Rovio regularly releases free updates and new levels for Angry Birds applications.
To supplement… Continue Reading →
Supplemental Resources
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