The board of XLMedia has confirmed that Stuart Simms has chosen to resign as Chief Executive of the London AIM-listed igaming media publisher. Updating investors, XLMedia stated that Simms had chosen to “pursue other interests”, but will support the company in its leadership transition as the board begins an executive search to find its successor. CEO of XLMedia since 2019, …
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Affiliate marketing publisher XLMedia has confirmed that its newly appointed CEO Stuart Simms has joined the company’s Board of Directors with immediate effect. Simms, who will hold the position of Director of the Company, joined XLMedia on 2 October replacing the digital performance marketing services provider’s co-founder and long-serving chief executive Ory Weihs. Weihs will continue to support the XLMedia Board, …
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London AIM-listed industry affiliate marketing publisher XLMedia Plc has confirmed that Yehuda Dahan has informed corporate governance of his decision to step down as Chief Financial Officer (CFO) with immediate effect. Updating stakeholders, XLMedia governance has moved to install Liat Hellman, the current financial lead of subsidiary portal Webpals, as his interim replacement. Led by Chairman Chris Bell, the XLMedia …
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The governance of London AIM-listed industry affiliate marketing publisher XLMedia Plc has confirmed the sale of Webpals Mobile, the firm’s app marketing subsidiary to Israel-based ad-tech and SaaS solutions provider PLYmedia. XLMedia governance has chosen not to disclose the terms of sale related to the transaction, detailing that company maintains its long-term strategy of focusing on ‘higher-margin publishing activities’. ‘Webpals …
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Rakuten‘s Stuart Simms has been confirmed as the new chief executive officer for digital performance marketing services provider XLMedia, replacing Ory Weihs from October 2. Weihs is due to continue his position as CEO until Simms’ arrival, and thereafter will remain on the board as a Non-executive Director of the Company. From the date of Simms’ appointment, Weihs will continue to …
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Digital performance marketing services provider, XLMedia, has reported a “challenging year” after its full year report, ending 31 December 2018, saw revenues, gross profit and EBITDA take a hit. The group attributed this primarily to “operational challenges”, with its 2018 performance impacted by the “adverse impact of gambling regulation uncertainty in specific territories, website ranking issues impacted by spamming and …
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XLMedia has unveiled its interim results for the first half of 2018 (six month period ending 30 June), detailing that a string of acquisitions will allow the firm to hit annual targets its has previously forecasted. As a result of its ongoing acquisitions strategy and tougher regulatory conditions for incumbents, XLMedia’s gross profit amounted to $33.5 million, a slight decrease …
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Expansion has continued for XLMedia PLC as the group has announced the acquisition of legacy UK online bingo community portal WhichBingo.co.uk, further growing it’s significant UK footprint. Founded in 2000 by webmaster Phil Fraser, WhichBingo is one of UK online gambling’s oldest affiliates. A leading authority for online bingo reviews and insights, WhichBingo utilises player content and opinion pieces to …
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Publishing its results for 2017, affiliate marketing firm XLMedia has detailed another set of record breaking results, outlining that its revenues increased by 33% to $137.6 million from the corresponding year. Additionally, the Gross profit of XLMedia rose to $73.1 million up 37% from 2016. The group reported its Nordic expansion played a key role in its positive 2017 outlook, …
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London AIM-listed industry affiliate marketing firm XLMedia has confirmed that it has raised approximately £31.7 million through its latest ordinary shares placement. Issuing a market statement on Tuesday 16 January, XLMedia governance detailed that it would place up to 16 million ordinary shares, representing circa 7.8% of the firm’s equity for sale to institutional investors. This morning, XLMedia confirmed that it …
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