Rovio's Angry Birds Profits - Business Insider

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HE on Tuesday posted a lower-than-expected rise in first-quarter net profit but said it has seen an increase in the number of downloads and user engagement, and an uptick in revenues in March and April. However, it said it's too early to quantify and distinguish the impact of the corona pandemic. The company behind the Angry Birds mobile-gaming franchise said net profit rose to 8.

User acquisition investments, the cost of advertising and marketing to attract players, fell User acquisition costs have remained at a similar level in the second quarter, it said. Daily active users of its games in the quarter fell to 5.

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Gross bookings represent in-app purchases and in-app advertising sales. The Finnish developer reiterated that it expects to launch between one and three new games duringbut the timing of new game launches depends on the games progress in soft launch, therefore Rovio said it won't give full year revenue guidance.

However, it expects adjusted operating profit to improve.

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Write to Dominic Chopping at dominic. More On MarketWatch.

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