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Summary
Sega reported ¥487.5 billion ($3.1bn) in revenue for the fiscal year but suffered an operating income decline that included an impairment loss tied to Rovio. Sega described Rovio's performance as "sluggish," confirmed Rovio will undertake its own restructuring, and directed the studio to focus on improving earnings by doubling down on the Angry Birds IP, licensing, and games-as-a-service. Sega expects Rovio to launch Angry Birds 2 in mainland China, release new Angry Birds titles within the fiscal year, and leverage the upcoming Angry Birds Movie 3 across live games. The group also noted weak results from new free-to-play titles such as Sonic Rumble and has moved over 100 F2P development staff into full-game teams to rebalance production priorities.
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