Rovio CEO Kati Levoranta. Photo credit: Sam Barnes/Web Summit via Sportsfile, under Creative Commons license

Rovio, the video game company best known for its Angry Birds franchise, has announced its financial results for the second quarter of this year, reporting €69 million ($82 million) in revenues, down 3.6% year-over-year primarily due to lower sales from the company’s movie business. Gaming revenue grew by 2.2% year-over-year to €67 million ($79 million), accounting for the majority of Rovio’s revenue. Operating profit more than doubled from €5.3 million ($6.3 million) in the second quarter of 2019 to €13.8 million ($16.3 million) in the second quarter of this year.

During the quarter, Rovio launched a new puzzle game called Small Town Murders and also set up a new game studio in Canada that’s headed by Ben Mattes, a gaming industry veteran. The company also acquired Danish gaming studio Darkfire Games and has rebranded the company as its Danish gaming arm. Mergers and acquisitions as well as launching new games continue to be a key part of Rovio’s expansion plans. Rovio says it aims to launch up to 3 new games this year.