Tag: financial

You know what isn't making the kind of money that it used to? Angry Birds. As hard as it might be to believe, the Mario of mobile gaming isn't quite pulling in the number that it once did. According to the latest financials released by the company this morning, Rovio's net earnings fell by €28.6 million; a more than 50% drop from 2012.Before you sound the panic alarms, it's important to stress that despite poor earnings, the company's overall revenue actually went up a few million euros - from €152.2 million to €156 million. So while earnings might be down, Rovio's financial security is not.Still - it's hard to not look at the situation and ask what went wrong. There was a time when seeing Angry Birds on the top 10 paid apps list was as certain as the rising sun. Today it sits at #61. And it's free-to-play kart racer that hoped to make a big splash back in December? It's not even in the top 200 free apps (though, yes, it manages to crack in at #73 for free games).