Mobile gaming company Rovio is well known for it’s profitable Angry Birds franchise. Rovio aims to diversify it’s portfolio, but investors seems to be sceptical about Rovio’s growth strategy. Shares look cheap, but it there is a risk of value trap as well. Analyst Atte Riikola comments.
Rovio is a global games-first entertainment company that creates, develops and publishes mobile games and acts as a brand licensor in various entertainment and consumer product categories. The Company is best known for creating the global Angry Birds brand, which started from a popular mobile game and has expanded into multiple other games, animated series, The Angry Birds Movie, activity parks and various consumer products.