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The Angry Birds Movie profits help Rovio double revenue as IPO rumors grow

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Rovio Entertainment reported that its second quarter revenues grew 94 percent as revenue from both games and The Angry Birds Movie roll in. That’s good news for Rovio, considering rumors are rife that the company will have an initial public offering sometime soon.

Bloomberg reported that the Finnish game studio could raise $400 million from a stock market listing at a $2 billion valuation. (We’ve confirmed that an IPO is a possibility, but Rovio itself is not officially commenting on it). Such an IPO would be a big boost for the industry and a big gain for Finland’s growing game economy.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.