Rovio posts Q4 profit drop, says mobile game market shrank last year

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.

“The market normalised after supercharged growth during the onset of COVID-19 in 2020 and 2021, when the global market grew annually by 30.1% and 12.5%, respectively,” the company said in its financial statement.