Angry Birds maker rakes in the revenue

 Angry Birds maker rakes in the revenue Posted on May 7, 2012 by CNET in Mobile, Tech & Gadgets

Rovio, the company behind the hit-the-pigs game, says it generated $106.3 million in revenue and posted a $67.6 million profit on the franchise in 2011.

Angry Birds is officially a financial powerhouse.

The franchise’s creator, Rovio, today announced that it generated $106.3 million in revenue last year. And thanks to a profit margin of about 64 percent, the company was able to post net income of $67.6 million.

Although much of the financial success Rovio enjoyed last year came by way of its popular Angry Birds games, the company also sells a host of consumer products, including stuffed toys and school supplies. Rovio also generated advertising revenue to supplement its operation.

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