Reporting a strong finish to 2015, London AIM listed online gaming marketing services provider XLMedia Plc lifted its year end guidance, outlining that its core performance metrics would beat market expectations.
XLMedia governance detailed that its FY 2015 revenues would reach an estimated $87 million (£60 million). Its strong revenue growth, would be further supported by EBITA earnings of circa $28.2 million, representing a 66% increase on FY 2014 earnings results.
Beating 2015 forecasts, XLMedia detailed that the outperformance of its core metrics reflected the continued progress of the company under its strategic plan which has been in place since its March 2014 IPO on the London AIM.
Led by CEO Ory Weihs, XLMedia has undertaken a series of acquisitions aimed at increasing the company’s market scale, diversifying its product range and expanding its client base.
Since its London AIM listing, XLMedia has acquired digital marketing exchange ExciteAD ($19 million – May 2014) and mobile marketing firm Marmar Media ($7.3 million – June 2015).
Ory Weihs, Chief Executive Officer of XLMedia, commented on 2015 performance “We are extremely proud of last year’s strong financial performance and the achievements we made in the period in terms of innovation and our technology”