Ina Fried

Recent Posts by Ina Fried

Rovio Passes a Billion Angry Birds Downloads, Still Mulling IPO

Rovio released its first financial figures this week, but the company has not decided when, where or whether to go public.

“This is a decision of Rovio’s owners if Rovio will file for IPO, when it would be and in what market,” CEO Mikael Hed told AllThingsD. “These kind of decisions have not been made.”

Of course, Rovio’s biggest owner is Hed’s father, Kaj, who mortgaged his own parents’ house to keep the company going during earlier dark times.

These days, of course, the business is thriving. The company took in $106.3 million in revenue, with pre-tax profits of $67.6 million, a whopping 64 percent of its total revenue. The company also noted on Wednesday that it has hit one billion cumulative downloads for its various Angry Birds games.

“The business for 2012 looks very good,” Hed said in an email interview. “Space has been a major success and we have a few games coming up, including a new game outside of the Angry Birds family. Our animation studio is working on Angry Birds animation series, which will come out later this year.”

Nokia also confirmed this week that Rovio is working on a Windows Phone version of Angry Birds Space, which has already been downloaded millions of times for iOS, Android, Macs and PCs.

For more on Rovio, check out the series of stories from earlier this year, when AllThingsD paid a visit to the company’s roost in Finland.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work