“Angry Birds” are still hatching riches for Rovio, the company behind the hit game.
The Finnish game maker reported yesterday that profits in 2012 soared 57 percent to $71 million on a 101 percent rise in revenue to $195 million.
“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,” Chief Executive Mikael Hed said.
While Rovio is still growing fast, with 263 million active users as of December 2012, a fatter percentage of sales — 45 percent compared with 30 percent last year — came from licensing consumer products, including plush toys, the company said.
Sam Hamadeh, chief executive of PrivCo, said Rovio could be worth north of $4 billion, 21 times last year’s revenue, when it goes public. He predicted that will happen in 2014.
It also is expanding into spinoff games and has launched “Angry Birds” cartoons online.


