Digital media company Perform’s revenue for the first quarter of 2012 increased year-on-year by 45 per cent to £31.4 million (€38.3 million/$50.7 million).
Perform said that the company was set to deliver revenues of £104 million for 2012 – up from the £72.9 million that was contracted for 2011 at the same point last year.
Perform, which is set to integrate its Livesport.tv online sports viewing platform into social media website Facebook, said that its content distribution arm had registered a 34-per-cent increase in turnover to £19.4 million in the first quarter, while revenues from video advertising and sponsorship had tripled to £2.7 million.
“We are very pleased to report that our strong performance has continued in the first quarter, with year-on-year growth across the business,” Perform chief executive Oliver Slipper said. “We continue to execute against our strategy for growth, acquiring new content, expanding our geographical footprint and launching our products on new platforms, with exciting partnerships recently announced with Facebook, [video-sharing website] YouTube and [electronics manufacturer] LG, further improving our global reach.”