Mobile Streams (LON:MOS) said it had reached an agreement with CoolGames to provide its HTML5 services to third-party companies in India, sending its shares rocketing.
Mobile Streams launched the HTML5 games service mobilegaming.com in 2015, with the Indian service in 2016. The services feature over 300 titles including racing and puzzle games.
READ: Mobile Streams narrows loss but revenues drop amid tough market conditions
CoolGames makes mobile gaming content available outside of the traditional marketplace and app stores.
Mobile Streams said it had gained subscribers at an encouraging rate, reaching over 6mln subscribers since launch, in recent months.
“We are very happy with the performance of our HTML5 games store since launching in India in 2018,' Mobile Streams CEO Simon Buckingham said in a statement.
“We are very appreciative of the support and expertise CoolGames have provided and expect the partnership to flourish in the future,” he added.
Shares in Mobile Streams were 34.3% up at 1.01p in mid-morning trade.