Ubisoft Entertainment (OTC:UBSFF, EPA:UBI) SA shares began Friday on the charge after the video game producer reported second-quarter revenue ahead of expectations on strong back-catalogue sales.
Net bookings came in at €554.8 million (£483.4 million) during the second quarter, the French gaming firm said, well ahead of a targeted €350 million.
Sales related to titles including 'Rainbow Six Siege' drove earnings in particular, alongside new and old versions of 'Assassin’s Creed' and 'The Crew'.
Ubisoft’s purchase of Activision Blizzard’s cloud streaming rights, including for titles such as 'Call of Duty', was also finalised over the period, the company said, with chief executive Yves Guillemot pointing to strong potential in the market.
“Looking ahead, the current positive momentum builds confidence for the rest of the year as well as for next fiscal year,” he added, leaving Ubisoft targeting €400 million in operating income.
Shares jumped 11.2% to €24.84 on the news.