Digital media company Perform generated revenues of £103 million (€121 million/$163 million) in 2011, up 53 per cent on 2010, and profits after tax of £14.7 million, up 45 per cent.
The number of licencees taking Perform’s Watch&Bet service, its biggest business unit, which provides live streaming video to betting websites, increased during the year to 35 from 23. The service streamed 11,376 live events in 2011.
Oliver Slipper, the company’s joint chief executive, said he expected further strong growth in revenue and ebitda in 2012.
“The opportunities for long-term sustainable growth are significant,” he said. “The exciting developments in mobile and connected technology, innovation in digital sports rights and international expansion offer ever greater prospects. We will continue to augment this with strategic acquisitions, consolidating our position as the world’s leading digital sports business.”
Perform floated on the London Stock Exchange in April last year. The shares were listed at 260p, valuing the company at just under £600 million. The price of the shares has bounced back after a decline last year and they were trading at 282p on Monday.
“We knew that the share price would start to recover as we started to deliver quarter-on-quarter,” Slipper told the Reuters news agency.