Bloomberg: Twitch, a video platform owned by Twitch.tv, is adding $1 billion to its revenue this year, the company announced Tuesday.
The company, which was founded in 2009 by former Yahoo executive Mike Schroepfer, reported net revenue of $3.5 billion in the first quarter, according to financial filings.
Its shares closed at $50.40 on Tuesday.
The company’s $50 million in seed funding comes from investors including the New York Stock Exchange.
Twilight is seeking a total of $1.5 million in venture capital funding to expand its video platform and add additional features, the filings said.
As part of the investment, Twitch will create new partnerships with content providers including Disney and AMC Networks to deliver live streaming to fans of both networks, Schroepf said in a blog post.
Twitch has attracted a loyal fan base for its popular gaming platform, which lets users stream content to friends, but also lets users play their own content.
Twitch has more than 7.5m monthly active users and generated $3 billion in revenue last year.