Rovio announces 101% year-on-year increase in revenues

Rovio has revealed that Angry Birds helped the publisher double its revenues for 2012 up to £129m.

Rovio unveiled Angry Birds Star Wars in 2012

The financial results for 2012 revealed that almost half (45 per cent) of the income for the company comes from merchandise, instead of games.

After tax, the profits for the Finnish company were £47m for the year.

Chief executive Mikael Hed said in a statement: "Rovio has grown from a phenomenon to a very successful global business. In 2010 we set out to build an entertainment company and after last year’s performance we are on a strong path to achieve our goal.

"We will continue to strengthen our position in the entertainment business through continuing to innovate on our existing brands, exploring creating new IP as well as exploring opportunities with external parties.”

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