Friday August 30,2013 : PERFORM GROUP REVENUES ON THE RISE
Digital sports media firm posts a 37 percent rise in revenues
The Perform Group, a digital sports media company in Britain, lived up to its name this week, posting revenues for the half-year up 37 percent and adjusted after tax profit of GBP 11 million – up 28 percent.
Year-on-year sales rose to GBP 92.4 million (H1-2012 GBP 67.4 million) and EBITDA soared 27 percent to GBP 15.6 million.
The company reported that it was making good progress with renewal deals with its licensees for the Watch&Bet live streaming product. Licensees increased by four to 44 from 40 during the same period last year as the service upped it content by 14 percent.
Management reported that 20 prospective new licensees were in discussions with the company.
CEO Oliver Slipper said that upgrades had been demonstrated to both existing and prospective licensees, and that the changes would strengthen Watch&Bet's position as a key product for the online sport betting industry.