Finland's Supercell reports sales up 2per cent while core earnings slip

Finland's biggest game maker Supercell reported on Tuesday its full-year 2019 sales rose 2per cent to 1.39 billion euros although core earnings slipped 4per cent.

China's Tencent Holdings increased its stake in a consortium that controls Supercell to 51.2per cent from 50per cent in October. The consortium owns 88.1per cent of the game maker.Supercell reported its earnings before interest, taxation, depreciation and amortisation in 2019 were down 4per cent at 517 million euros, the company said.

"Short-term goals don't mean anything to us," Paananen said."On a monthly basis, a couple hundred million people play our games actively." Supercell's fifth and newest game, Brawl Stars, is about to join their four previous games in booking total sales worth more than 1 billion euros, the company said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Up to 40 per cent fall in taxi and private hire driver earnings as novel coronavirus keeps passengers away
Source: TODAYonline - 🏆 1. / 99 Read more »

Australia, New Zealand shares end lower ahead of corporate earningsAustralia, New Zealand shares end lower ahead of corporate earnings.
Source: BusinessTimes - 🏆 15. / 51 Read more »