What happened

Shares of Funko (FNKO 26.91%) jumped 26.9% on Friday after a star-studded investment group took a large stake in the pop-culture-focused toy and accessories maker.

So what

Along with its first quarter earnings report, Funko announced that a consortium of investors led by consulting firm The Chernin Group had agreed to acquire a 25% stake in the company. The shares will be purchased from ACON Investments for $263 million, or $21 per share. Consortium members include eBay (EBAY 1.60%)ancient disney CEO Bob Iger and respected sports agent Rich Paul.

Image source: Getty Images.

As part of the deal, eBay would become Funko’s preferred resale platform. The two companies also plan to work together to create new exclusive products.

Now what

Along with the news of the investment from the Chernin Group-led consortium, shareholders were likely pleased with Funko’s strong first-quarter sales and earnings. The collectible toy maker’s net sales jumped 63% year-over-year to $308.3 million, while its net profit soared 31% to $14.5 million.

Management expects the company’s full-year net sales to increase 29% to approximately $1.3 billion, with adjusted net income of $98.6 million to $103.8 million .

“Our first quarter results were broad-based, with continued strength across brand categories, geographies and channels,” CEO Andrew Perlmutter said in a press release. “Looking forward, we remain focused on executing on our strategic growth pillars, including innovation in our core collectibles category, revenue diversification, growth in our DTC [direct-to-consumer] business and international opportunities.”