Angry Birds creator’s profits drop by more than half

As Rovio plans for the future, the company’s profits took a hit for the 2013 calendar year. The Angry Bird house’s net profits were slashed in half to €26.9 million, but important to note here is that the company’s sales remained stable at €156 million. Rovio’s CFO explained the profit reduction as part of the company’s “foundation-building year,” as it invested in new business areas like animation, video distribution, spinoffs, more spinoffs, and other things outside of selling Angry Bird games at $1 a pop.