Team17 pre-close update launches share price

AIM-listed videogame developer and publisher Team17 (LON:TM17) saw its share price rocket upwards by 14.88%, to 283.75p (as of 14:30 BST), after it said revenues and EBITDA for the current year would be ahead of market expectations. Management stated that new and established titles had strong customer traction during the period with good back catalogue sales supporting a number of new titles and increased licensing income.