In 2022, Angry Birds Creator Earns 470 Billion Profits

On September 29, 2022, Angry Birds reportedly made a profit of 30 million euros while conducting an initial public offering (IPO) on the Nasdaq Helsinki exchange, Finland.

Angry Birds is a game developed by Rivio which is rumored to have shares worth 11.5 euros at the time of the IPO. When in the IPO process, Angry Birds can raise 30 million euros or around Rp. 477 Billion.

Angry Birds

Rivio was able to raise approximately USD 42 million in funding from a number of companies, such as Accel, Atomico, Felicis Ventures and others. Rivio’s name began to be known by the whole world with Angry Birds.

Since 2009, Angry Birds has been downloaded 3.7 billion times. Because of the famous game Angry Birds, Rivio also made a film Angry Birds with the title The Angry Birds Movie.

It is known that in mid-2017. Rivio recorded revenues of 153 million euros, double the income in the same period of 2022. Meanwhile, Rivio’s profits quadrupled to 42 million euros compared to 11 million euros in 2022.

However, it is reported that Rivio has sold its shares to the public. The reason is that there are a number of game companies that after selling their shares to the public and their fate becomes worse.

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