Tag Archives: XLMedia

The acquisition by Gambling.com Group of Freebets.com and all related assets from XLMedia has been completed. Earlier in March, digital marketing and player acquisition provider Gambling.com announced that it will move forward with the purchase of XLMedia’s sports betting and gaming assets across the European and Canadian markets. These include affiliate sites like Freebets.com, WhichBingo.co.uk, Nettiskasinot.com and Vedonlyonti.com. The deal …

Gambling.com Group has demonstrated its “capital-efficient business”, achieving all commercial and operating objectives for 2023. Publishing its full-year 2023 accounts this afternoon, the Nasdaq media group confirmed its agreed $42.5m acquisition of FreeBets.com and related European and Canadian market assets from rival publisher XL Media Plc. Prior to the deal announcement, Gambling.com concluded FY2023 trading, achieving peak revenues of $108m, …

XLMedia Plc has informed the markets that it has reached a binding agreement to sell its media assets for Europe and Canada to Gambling.com Group. The deal terms will see Gambling.com acquire XLMedia’s European and Canadian market portfolios for a total consideration of up to $42.5m , including a fixed sum of $37.5 million and a potential earnout of up …

In a trading update, XLMedia has informed shareholders that it expects its revenue and adjusted EBITDA to be in line with market expectations. The update was provided ahead of its full FY23 results in early April 2024, which will provide more insight into the company’s 2023 performance and plans moving forward. According to the update, XLMedia’s FY23 revenues are expected …

The board of XLMedia has announced that Caroline Ackroyd has notified the board of her intention to resign as Chief Financial Officer (CFO) of the London AIM iGaming media publisher. Updating investors, XLMedia informed that Ackroyd will maintain CFO duties until 31 March 2024 to assist the executive leadership team with an orderly transition. Ackroyd has served as XLMedia’s CFO …

Publishing its pre-close trading update for 2023, XLMedia noted that it has previously looked into selling the whole company, but has been unable to find suitable value for its assets. Regarding M&A activity, XLMedia noted that following the sale of three European casino assets in July, the company’s board is exploring further asset sales opportunities and has had early talks …

XLMedia Plc has informed investors that it has closed the sale of three of its European igaming properties and related domains.  The European properties sold are listed as Casino.se, Casino.gr and Casino.pt and have generated a total cash consideration of $4m (€3.5m). The London AIM media publisher cited that the deal represented “4.7x multiple on revenue” of the sold assets. …

XLMedia Plc has notified investors that it has completed the full divestment of its personal finance portfolio, marking its exit from all non-core business activities.    This morning, XLMedia said it had completed selling its MoneyUnder30 domain to Northern Lights Media for $675,000 (€630K). The transaction follows the recent sale of finance domains Junkie, Greedy Rates and Young and Thrifty to …

XLMedia Plc has notified investors of a slower start to 2023 trading due to its business countering skewed period comparatives matched against 2022 developments.      The London AIM-listed media publisher expects its 2023 interim results to be below expectations due to a stagnant US calendar, in comparison to 2022 activities which featured US wagering launches in the states of  New York …

XLMedia has entered a new partnership with Spotlight Sports Group (SSG) to upgrade its horse racing content and data provisions across its digital media network.  The London AIM media group will deploy SSG’s ‘Superfeed content engine’ across its most popular domains, which will gain access to news, data and analysis on over 60,000 racing fixtures annually. SGG’s content engine has …