Rovio contributed $46.9m to parent company Sega Sammy’s Q1 sales, up slightly from $45m a year earlier as the Angry Birds maker performed in line with expectations.
Free to play sales across Sega’s wider Consumer sub-segment – which includes Rovio’s mobile titles – rose to $81.8m, up from $72.9m, though Sega Sammy said results here fell slightly short of expectations.
It’s the first quarterly checkpoint since Sega’s May report, in which the company said its $775m acquisition of Rovio had so far failed to create “economic value” and confirmed a $200m write-down of Rovio’s value. It also said it was rebuilding the studio’s operations, including moving around 100 staff off F2P projects. That report also flagged weak performance from Sonic Rumble Party and Angry Birds 2, with revenue reportedly plateauing.
Sega said it has plans to launch new Rovio titles, but none are coming this financial year. It also forecast continued growth in licensing revenue tied to “key IPs’ anniversaries” and the third Angry Birds movie, which is scheduled for a US release on December 23. Release dates in other regions are still to be confirmed.
The steadier Q1 figures will be welcome after that previous financial report and a tough spell back in October 2025, when Rovio cut 36 jobs and restructured its studios, driven by Angry Birds Dream Blast’s underperformance. Rovio’s Finnish puzzle studio narrowed its focus to fewer games, while Barcelona took on more work.
