XLMedia set to exceed targets after ‘strong’ growth in second half

XLMedia has said that it expects to exceed current market expectations in terms of annual revenue and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) after experiencing ongoing “strong” growth in the second half of the year.

The company’s current revenue and adjusted EBITDA expectations stand at $88 million (€81.7 million) and $27.5 million, respectively, which represents year-on-year growth of 73% and 62%, respectively.

However, having recorded an “excellent” performance in the first six months of the year, XLMedia said it has been able to carry this success into the second half and has experienced further growth across the business.

XLMedia has put this ongoing growth down to successful acquisition, with each of these paying dividends throughout the course of the year.

The company has also benefitted from an increased presence in North America, UK and mainland Europe.

Ory Weihs, chief executive of XLMedia, said: “We are extremely pleased with the strong financial performance that the group is delivering and look forward to updating the market on our full year results for 2015.”

source : www.igamingbusiness.com

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