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Markets News

Angry Birds maker Rovio reports profit jump

HELSINKI, Oct 30 (Reuters) - 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.

$1 = 0.8461 euros Reporting by Anne Kauranen; editing by Jason Neely

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