Rovio has released its financial report for the first half of 2022, showing a 20.2% year-over-year increase in revenue to $168.3 million.

Revenue increased 17.2% to $157.8 million compared to $135 million for the same period in 2021, and its user acquisition budget was $53.6 million, up from $39.6 million in the first half of the previous year.

The company posted strong results in the second quarter despite challenging market conditions. Compared to the second quarter of 2021, the company’s revenue was up 14% to $80.8 million. Game revenue grew 8.8% to $74.6 million, and user acquisition investments were $21.5 million, down from $21.9 million the previous year.

Angry Birds

The Angry Birds franchise was the flagship product in the company’s portfolio. The Angry Birds 2 game continues to be the company’s biggest hit, with second-quarter revenue of $29.2 million, up 6.9% from the previous year. In the second quarter, Angry Birds Friends sales were up 10% from the prior quarter to $9.3 million.

Angry Birds Journey, released in January, generated $7.5 million in revenue during that period.

I am proud to report that in the second quarter of this year, the company endured a challenging environment and Rovio outperformed the market. The studio thanks its employees for their dedication and efforts during this period. Revenue increased in the second quarter thanks to the release of Angry Birds Journey, the consolidation of Ruby Games and a favorable currency environment. Our comparable revenue was unchanged from last year, while earnings were up.

Alexandre Pelletier-Norman, CEO of Rovio

Side note: The highest-grossing mobile games of the past quarter have been named.