Angry Birds maker Rovio says revenue plunged 17% in Q2 but games showed signs of recovery

Finland’s Rovio reported a sharp drop in revenue for the three months ending in June as revenue from the hit Angry Birds movie continued to ebb. But the company said gaming revenue jumped 6.4 percent in the quarter, offering a hopeful sign to investors.

In its earnings report released today, the company said it had $81.7 million in revenue for the second quarter, down from $98.09 million for the same period one year ago. Rovio CEO Kati Levoranta said in a statement that such a drop was anticipated because the company had experienced a peak in revenue from the 2016 Angry Birds movie in the same quarter a year ago.