Finnish game maker Rovio, best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined for the first time ever.
Rovio, which is currently the target of a takeover offer from larger U.S.-listed rival Playtika, said game developers' revenue was also dented by privacy changes on Apple's iPhone. Rovio reported a 55 per cent decline to 5.9 million euros in its fourth-quarter adjusted operating profit, while its revenue declined 2.5 per cent.
The mobile gaming market showed signs of stabilising towards the end of the year, it said, adding it expects flat revenue and profit development this year.
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