Rovio reaches crossroads, looks to a future beyond Angry Birds

04/3/2013 | Wall Street Journal, The

Rovio Entertainment, the company behind the Angry Birds games, posted net income of $71.1 million in 2012, up 57% from 2011, while doubling its revenue for the year. While the closely held company doesn't have any news about a possible initial public offering, market watchers are keeping an eye on Rovio, Juhana Rossi writes. Chief Financial Officer Herkko Soininen wrote in an e-mail that Rovio's "rate of growth and profitability are dependent on the success of new games launches, our ability to maintain and strengthen the relationship we have with our fans and the speed and success of our new initiatives."

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