Perform is driving ahead with with revenues jumping by 45pc
SPORTS rights company Perform said it expected strong profit growth this year after reporting first quarter revenues that rose 45 per cent.
“We are very pleased with the momentum in the core business and are looking forward to posting another year of strong revenue and Ebitda growth,” joint chief executive Oliver Slipper said.
The company, which was floated a year ago, provides live sporting action to bookmakers and consumers and also offers highlight clips to websites.
It said to date it had £104m of revenue contracted for 2012, up from £73m at the same stage in 2011.
It is a big year for sports events, with the European football championships starting next month and London hosting the Olympics the following month.
Slipper said the impact on Perform would be limited as the company does not have rights for the events directly but added that they should create a positive momentum for sports-related advertising.