The company posted revenue of £59.6 million (€72.5 million/$101.1 million) in the first quarter, an increase of 32% on the £43 million it achieved in the corresponding period last year.
Perform also reported that new contracts for its Watch&Bet service for bookmakers, as well as a strong performance from its Opta sports data subsidiary, helped drive distribution revenues up 32%.
The firm also said that it delivered a “strong” display advertising performance during the quarter, placing it in a good position ahead of this summer’s 2014 Fifa World Cup national team football tournament.
Simon Denyer, joint chief executive officer of Perform, said: “We are pleased to report that the group has made a positive start to 2014, with Q1 showing strong year on year revenue growth.
“Good early progress has been made on the cost reduction plans laid out at the full year results and we remain on track to hit our cost base targets.
“Overall the Group remains confident that it will deliver full year revenue and EBITDA growth in line with the board expectations.”
Meanwhile, Perform has also announced the appointment of Ashley Milton as its new chief financial officer.
Milton will join the company from advertising and marketing group WPP, where he served as chief financial officer of its Group M EMEA media investment division.
Denyer added: “We are delighted to appoint Ashley as our new CFO and that the group has attracted such high calibre talent.
“Ashley brings with him an excellent track record as a CFO and also a highly valuable breadth and depth of experience of the advertising sector, which is a significant strategic focus of the group.”
source : www.igamingbusiness.com
