Yahoo Finance Rovio Entertainment Corp.: Rovio changes its segment reporting: Games, Brand Licensing and Other will be combined.
Rovio Entertainment Corporation Stock Exchange Release April 8, 2022, at 8.30 a.m. EEST
Rovio changes its segment reporting: Games, Brand Licensing and Other will be combined.
Rovio will change its segment reporting structure as of January 1st, 2022 by combining Games, Brand Licensing and Other segments. In the new structure Rovio reports only group level financials and does not have separate reporting segments. The financial reporting will be changed accordingly as of the first quarter interim report published on April 29, 2022.
The changed reporting structure reflects Rovio’s strategy on focusing on games as the main business with other functions supporting through e.g. increasing brand awareness and fan engagement. The changed reporting structure has no impact on financial figures from comparable periods.
ROVIO ENTERTAINMENT CORPORATION
More information:
Rene Lindell, CFO
RovioIR@rovio.com
Media desk: +358 40 4858985
Distribution:
Nasdaq Helsinki Ltd
Key media
https://investors.rovio.com/en
About Rovio:
Rovio Entertainment Corporation is a global, mobile-first games company that creates, develops and publishes mobile games, which have been downloaded over 5 billion times so far. Rovio is best known for the global Angry Birds brand, which started as a popular mobile game in 2009, and has since evolved from games to various entertainment and consumer products in brand licensing. Today, Rovio offers multiple mobile games, animations and produced The Angry Birds Movie in 2016. Its sequel, The Angry Birds Movie 2, was released in 2019. Rovio is headquartered in Finland and the company's shares are listed on the main list of NASDAQ Helsinki stock exchange with the trading code ROVIO. (www.rovio.com)
