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Q1-2013 Results for Perform Group

Tuesday April 30, 2013 : PERFORM DELIVERS STRONG FIRST QUARTER RESULTS
 
Remainder of the year ahead looks bright
 
Digital sports media group Perform Group plc issued its interim management statement for the three months ending March 31, 2013.
 
Highlights include:

  • Year on year revenue growth of 37 percent to GBP 43 million (Q1/2012: GBP31.4 million).
  • GBP 154 million of revenue contracted for full year 2013 (GBP 104 million of 2012 revenues were contracted at the same point in time in 2012).
  • ePlayer headline quarterly sell through rate of 43 percent, total quarterly streams viewed 1.1 billion and average monthly unique users of 118 million. (Q1/2012: sell through rate of 28 percent, 1.2 billion total streams and 105 million unique users).

Perform said a deferred consideration of GBP 50 million was paid to the owners of RunningBall as maximum EBITDA targets were achieved. Pre-agreed debt facilities including Euro 30 million term loan and GBP 20 million revolving credit facility were both drawn down.
 
Oliver Slipper, Joint Chief Executive Officer, commenting on the results said: "We are pleased to report that our good performance has continued in Q1, with year on year revenue growth. GBP 154m of revenues are contracted for 2013 and we are on track to deliver another year of strong growth.
 
"We continue to execute against our strategy for growth, acquiring new content and expanding our geographical footprint and we continue to seek acquisition opportunities as we build the business to deliver long term sustainable growth.
 
“During the quarter we announced the creation of Perform Sporting News, which brings together our leading online sports video offering in the US and Canada with one of the US's flagship sports media brands to a create a top five US digital media player. The US and Canada are two of the world's largest digital marketplaces and we believe this is a fantastic opportunity to scale and transform our business in these territories."



Gambling News :

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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