Full year results for the 12 months ended 31 December 2013 4th March, 2014 Plans underway to address challenges and deliver on the Group's potential
Key Financial Metrics

FY 2013

FY 2012

Change

Statutory measures
Revenue (£'000)

208,135

151,607

+37%

Statutory profit before tax (£'000)

4,058

16,290

-75%

Adjusted measures
Adjusted EBITDA (£'000)*

36,402

37,502

-3%

Adjusted profit before tax (£'000)

26,030

30,284

-14%

Adjusted basic eps (pence)*

10.4

11.2

-7%

Key Operational Metrics

FY 2013

FY 2012

Change

Watch&Bet licencees

46

40

+6

Watch&Bet events streamed

16,543

14,729

+12%

RunningBall customers

53

46

+7

RunningBall events delivered

78,012

49,866

+56%

Average annual unique users (Own portals) (millions)

90

54

+66%

ePlayer total video on demand streams viewed (millions)

5,043

4,483

+13%

ePlayer average sell-through rate

48

39

+9pp

  • Good progress on execution of strategy
    • Enhanced the digital rights portfolio - over 16,000 live W&B events contracted for 2014
    • Acquired Opta and Perform Sporting News
    • Expanded geographically - ePlayer rolled out in two new countries
    • Grew the audience - investment in Goal and other consumer facing products
    • Launched Group's products on new digital platforms
      Intense period of organic and acquisition led growth has led to a substantial increase in cost base
  • Sequential Q3 to Q4 like for like** growth in Display Advertising & Sponsorship lower than experienced historically
  • Watch&Bet renewal process limited upsells and new licencees in Q4
  • Full review and plans underway to address challenges
    • Re-structuring plans now being implemented
      Integration of Opta accelerated
    • Roll-out of new revenue and booking system underway
  • Search to identify a new Chief Financial Officer underway and an announcement will be made in due course
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