Friday, March 2, 2018

Rovio Closes London Studio After Q4 Miss

It looks like hard times have fallen on the maker of Angry Birds. The company has shuttered its studios in London after failing to meet Q4 expectations.

Gaming and entertainment company Rovio continues to have a very hard time of it as it faces the music on the waning popularity of its once-might Angry Birds franchise. Today, the Helsinki-based company reported Q4 and full-year financials that fell short of analysts’ most conservative estimates as it blamed lower-than-expected interest in its new slate of games.