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Sega Posts Loss, Cancels 'Super Game,' Restructures Rovio

A costly write-down pushes Sega to refocus on full games, licensing.

Overview

  • Sega Sammy, which reported its fiscal 2026 results Tuesday, logged a ¥5.7 billion ($31.6 million) net loss after a $200 million impairment tied to Rovio and write-down pressure linked to Stakelogic.
  • The company is resetting strategy by canceling its long-planned 'Super Game,' lowering the priority of free-to-play projects, and moving about 100 developers to work on full game releases.
  • Rovio will undergo restructuring with a focus on the Angry Birds brand and licensing, including plans to launch Angry Birds 2 in mainland China and ship another new Angry Birds title this fiscal year, with a third film due in December to support merchandise deals.
  • Sega said Sonic Rumble Party performed weakly and that Angry Birds 2 revenue has now bottomed out, while Rovio sales fell to €181 million in FY2026 and are forecast to drop to €158 million in FY2027.
  • Guidance for FY2027 calls for sales to rise about 4.6% to ¥510 billion as operating income slips to ¥44.5 billion, signaling a near-term pivot toward flagship full games and transmedia licensing over big free-to-play bets.