SBC News Voice of the Sports Betting Industry
Presenting its H1 2017 interim results (period ending 30 June) London AIM-listed industry affiliate marketing specialist XLMedia Plc has detailed ‘accelerated growth’ across its products and assets as the company achieved a ‘record revenue performance’ of $68 million up 33% on corresponding H1 2016: $51.2 million.
Updating investors, XLMedia governance stated that the company had been able to increase coverage of its publishing inventory whilst maintaining high margins with partner clients.
Furthermore, during the period XLMedia has successfully integrated new digital assets, expanding its services portfolio beyond the online gambling sector. New corporate assets include Canadian market credit comparison website Greedyrates.ca and US financial services aggregator MoneyUnder30.com
Closing a busy six-month period, XLMedia would declare a group EBITDA of $22.9 million up 33% on 2016’s $17.7 million, combined with corporate profits $19 million.
Issuing a forward looking statement, XLMedia governance stated that the company would now move to expand its mobile marketing dynamics having fully acquired mobile first advertising platforms ClicksMob and MarMar Media this August.
Ory Weihs, Chief Executive Officer of XLMedia, commented on H1 2017 corporate performance: “We are delighted to report another record period of strong profit growth for the Group. The combination of both organic and acquisitive growth has accelerated our progress extending our business into new verticals and new geographic regions.
“Current trading remains strong and we are confident that the ongoing implementation of our strategic focus will continue to yield excellent results, underpinning the board’s ongoing confidence in the Company’s near and medium term prospects.”
