Rovio Entertainment, riding the wave of consumer product sales tied to The Angry Birds Movie, posted sharp gains in revenue and earnings amid reports it is weighing an IPO.

Rovio’s earnings before interest, taxes, depreciation and amortization (EBITDA) in Q2 ended July 30 rose 269% to €31.6 million and revenue jumped 94% to €86.2 million.

Brand licensing EBITDA increased to €20.7 million from €900,000 a year earlier as revenue rose 242% to €24.9 million on the strength of Angry Birds consumer product and content sales. The mobile games business reported a 30.6% gain in EBITDA to €13.5 million on 65% jump in revenue to €61.3 million euros, benefitting from the release of “Angry Birds: Evolution.”

The improved earnings came as Rovio’s completed a restructuring that sharpens focus on a licensing model for consumer products and animated content, which requires lower operating and capital expenses, CEO Kati Levoranta said in a statement, though noting that benefits of that change aren’t reflected in results for the first half of this year.

Meanwhile, Bloomberg reports that Rovio is considering an IPO that would value the company at $2 billion and would raise about $400 million from a local market listing. No final decision has been made and Rovio could choose to remain privately held, according to the report. Rovio officials weren’t available for comment. Rovio board member Kaj Hed owns 69% of the company.

Contact:

Rovio, Alex Lambeek, Chief Commercial Officer, +358 (40) 667 1984, alex.lambeek@rovio.com