We’re getting Angry Birds fatigue — and it shows in studio’s falling profits

Angry Birds developer Rovio is falling back to Earth after its slingshot success.

The Finnish studio reported its financial earnings for 2013, and the company’s profits were more than halved year-over-year. Rovio generated $50.6 million in profit in 2013 on revenues of $216.2 million. While revenue was steady from $211 million in 2012, profits were down from $106.45 million. It introduced and failed to find success with a new free-to-play game featuring microtransactions. That is something it’ll need to get right if it hopes to take a bigger piece of the $16 billion mobile gaming industry from the companies making Candy Crush Saga (King) and Clash of Clans (Supercell).