Re:Rovio did $3 billion in revenue and is “insanely profitable”
by antr on Monday February 11, 2013 @09:32AM
(#5200929)
Finnish accounts show only the financials of the individual P&L rather than the "consolidated Rovio group" P&L. Unless one is provided with an organisational and shareholding structure (with corresponding financials) it is impossible to know what is and isn't accounted.
Re:Rovio did $3 billion in revenue and is “insanely profitable”
by rafweverbergh on Monday February 11, 2013 @09:38AM
(#5200969)
So you're basically saying we can't know how much business Rovio is generating through fiscally optimized holding structures outside Finland, then?
Re:Rovio did $3 billion in revenue and is “insanely profitable”
by rafweverbergh on Monday February 11, 2013 @09:41AM
(#5200986)
Updated with your comments, I hope you don't mind, it seemed important for the story to add your perspective. I added a link to the comments here.
Re:Rovio did $3 billion in revenue and is “insanely profitable”
by jpark on Monday February 11, 2013 @10:51AM
(#5201358)
Definitely need a clarification.
By comparison, Supercell which has the #1 top grossing app (Clash of Clans) and #4 top grossing app (Hay Day) was reported to have $15M in gross monthly revenue, which is far less than Vesterbacka's statement about Rovio, but closer in line with Rovio's Finnish filing.
Angry Birds Star Wars is currently #46.
Maybe the merchandise and licensing is where the money is at?
Re:Rovio did $3 billion in revenue and is “insanely profitable”
by rafweverbergh on Monday February 11, 2013 @09:16AM
(#5200846)
That's a good question. I was also surprised at the number reported by Total Telecom, which is why I asked Vesterbacka to comment via Twitter. No answer yet, though. Thanks for that link.
Re:Rovio did $3 billion in revenue and is “insanely profitable”
by rafweverbergh on Monday February 11, 2013 @09:26AM
(#5200903)
Thanks for your input - I updated the story.
Does this number represent the value of the merchandise sales of the company or was he explicitly referring to the revenue of Rovio itself?
Edit: here's the link to the Finnish officials' records http://finder.fi/Televiestintälaitteita%20ja%20palveluja/Rov...