Clash of Clans maker profit up despite Pokemon challenge


  • TECH
  • Wednesday, 15 Feb 2017

Good year: Supercell co-founder and CEO Ilkka Paananen at the company's headquarters in Finland, 2016. Supercell's core profit rose 8% last year. — Reuters

HELSINKI: Supercell, the maker of hit mobile game Clash Of Clans, said on Feb 15 sales growth stalled last year due to competition from new challengers such as Nintendo Co's Pokemon GO, though earnings rose.

The Finnish company, majority owned by China's Tencent Holdings Ltd, said profits benefited from lower spending on advertising and the successful launch of its latest game, Clash Royale.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Sirius XM found liable in New York lawsuit over subscription cancellations
US Supreme Court tosses case involving securities fraud suit against Facebook
Amazon doubles down on AI startup Anthropic with $4 billion investment
Factbox-Who are bankrupt Northvolt's creditors?
UK should use new powers to probe Apple-Google mobile browser duopoly, report says
EU regulators scrap probe into Apple's e-book rules after complaint was withdrawn
Hyundai recalls over 145,000 electrified US vehicles on loss of drive power
'World of Warcraft' still going strong as it celebrates 20 years
Northvolt CEO steps down, saying group needs up to $1.2 billion
Bitcoin at record highs, sets sights on $100,000

Others Also Read