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Preform PLC Q3 growth up 55 percent
Thursday, November 3, 2011 : Q3 growth up 55 percent
Online sports content distributor Perform plc posted a successful third quarter report in its interim management statement this week, noting that revenue growth has risen 55 percent.
Highlights of the company's report include:
• On track to deliver 2011 revenue and EBITDA full year forecasts in line with the board's expectations.
• Year on year revenue growth of 55 percent to GBP 27.4 million (Q3 2010: GBP 17.7 million), with growth across all business areas.
• Quarter on quarter revenue growth of 17 percent.
• GBP 98 million of revenue contracted for full year 2011 and GBP 78 million of revenue contracted for full year 2012.
• Increase in Watch&Bet licensees to 34.
• Improved ePlayer headline sell through rate of 19 percent, increased total quarterly streams viewed to 985 million and average monthly unique users to 86 million.
• Launch of ePlayer in Japan, increasing the number of ePlayer territories to 19.
• Launch of Total College Sport product on the US ePlayer.
Oliver Slipper, Joint Chief Executive Officer, said:
"We are very pleased to report that our strong performance has continued through Q3, with further growth across all our businesses and geographies. We have continued to execute our strategy as illustrated by today's launch of Total College Sports in the US and the recent rollout of ePlayer in Japan. We are on track to deliver full year 2011 results in line with the board's expectations.
"We are very excited about the launch of Total College Sports given the huge college sports fan base and the success we have achieved to date in the US market with the ePlayer.
"The funds raised on listing give us a substantial platform to growth through acquisition and this pipeline remains promising.
"As we look further out, our contracted revenues for full year 2012 are GBP 78 million, which gives us confidence that we are on track to deliver strong growth in 2012."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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