Perform Group Eyes More Acquisitions With On-Track Business Growth

Online sports broadcasting firm Perform Group says it sees a “promising pipeline” of potential acquisitions it will buy using funds raised in its recent market listing.

It raised £72.5 ($116.26) million when it floated in London in April.

The firm issued on-track interim Q3 earnings with revenue up 55 percent from last year to £27.4 ($43.94) million, 17 percent higher than the previous quarter.

Much of the growth is coming from additional business for Watch&Bet, the live video service Perform supplies to online bookmakers.

Direct subscription income from Perform’s consumer offering grew 15 percent to £2.5 ($4) million from 358,000 subscribers.

U.S. and UK streams grew to 254 million, but audiences fell in Southern Europe. In the quarter, Perform launched its Total College Sports show on the U.S. version of its ePlayer product.

Perform, led by joint CEOs Oliver Slipper and Simon Denyer, already bought soccer site this year, inflating its advertising revenue by 81 percent to £1.9 ($3.05) million.