Rovio Entertainment Oyj Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Rovio Entertainment Oyj (HEL:ROVIO) Third Quarter 2022 Results

Key Financial Results

• Revenue: €77.8m (up 9.0% from 3Q 2021).
• Net income: €7.60m (down 35% from 3Q 2021).
• Profit margin: 9.8% (down from 16% in 3Q 2021).
  • The decrease in margin was driven by higher expenses.
• EPS: €0.10 (down from €0.16 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rovio Entertainment Oyj Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 6.3%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Entertainment industry in Europe.

Performance of the market in Finland.

The company’s shares are down 3.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company’s balance sheet. See our latest analysis on Rovio Entertainment Oyj’s balance sheet health.

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