London AIM listed igaming marketing firm XLMedia has stated that it expects to hit all yearly targets as the company has seen ‘strong organic growth from its 2014 activity.
XLMedia issued its latest trading update for the 12 months ending 31 December 2014, with the firm expecting to post a revenue growth of 43% on 2013 performance.
The igaming player marketing and acquisition firm further stated that it expected to post revenues of $49.5 million, which would translate to an adjusted EBITDA sum of around $16.6 million representing a 24% increase on 2013 performance ($11.7 million).
The firm stated that its strong revenue performance had been driven by its 2014 M&A activity which had seen XLMedia acquire a major sports betting affiliate in August for $6.7 million.
The company has additionally expanded its services into social and mobile games marketing with the $19 million acquisition of specialist ad-network ExciteAd Digital Marketing.
Ory Weihs, CEO of XLMedia, commented on 2014 performance
“We are delighted with the strong financial performance of the Group, highlighting the significant strategic progress we have made over the past year. Since our IPO in March we have worked hard to execute our growth plans,” he added. “I am happy to see the results of the efforts of our very talented team which delivered our planned growth, whilst also diversifying our business and building strong foundations for the future.”
Shares in XLMedia PLC (XLM.LN) jumped more than 10% on Monday, after the firm published its latest trading update.