Tag Archives: XLMedia

XLMedia maintains 2021 guidance as leadership accelerates transformation goals

XLMedia Plc has cited confidence in delivering on its full-year financial expectations and corporate objectives following positive first-half trading in 2021.   Publishing an H1 trading update (period ending 30 June), the London AIM-listed digital publisher expects to generate interim revenues of $32 million, up 15% on corresponding H1 2020 results of $27.7 million. Corporate performance has been buoyed by the …

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XLMedia recruits transformation pro Nigel Leigh as new CIO

XLMedia has confirmed the appointment of Nigel Leigh as new Chief Information Officer (CIO) of the London AIM-listed digital publishing group. An expert in executing digital transformation strategies, Leigh joins XLMedia’s executive management team from UK news publishing group JPIMedia, where he spearheaded several projects, which overhauled the firm’s multimedia assets and digital advertising strategy. Prior to his role at …

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XLMedia confident of Google rankings recovery

XLMedia has continued to pursue a ‘multi-track approach’ to recovering its casino rankings after a number of its websites were penalised by Google during the first half of 2020 trading. Publishing a trading update, the London AIM-listed affiliate marketing network informed investors that it expects to deliver group revenues of approximately $54.5 million. Excluding business transformation costs and share-based payments, …

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Google deranking and COVID-19 bite XLMedia’s H1 performance

XLMedia has continued to feel the effects of Google’s ‘manual ranking penalty’ on its corporate trading, but remains optimistic on its objective of delivering ‘a material recovery in financial performance in 2021’. Publishing its 2020 interim statement (period ending 30 June), the affiliate marketing publisher detailed that the combined effects of COVID-19 and Google ranking penalties had resulted in monthly …

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Amit Ben Yehuda steps down from XLMedia

Affiliate marketing publisher XLMedia has confirmed that Amit Ben Yehuda will step down from the company’s board. Yehuda, who initially joined XLMedia in 2016, will step down as Non-Executive Director of the Company with immediate effect. Chris Bell, Chairman of XLMedia, commented: “I would like to express my personal gratitude to Amit for the wise counsel he has provided over …

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XLMedia feels strain of Google deranking

Affiliate marketing publisher XLMedia has continued to battle the effects of a Google deranking, with projected revenues expected to fall short of previous quarters. Publishing a trading update for the first six months of 2020, XLMedia predicts that revenues will amount to approximately £27.5 million, while EBITDA is forecasted to reach approximately £3.5 million. XLMedia said: “As anticipated, monthly revenue …

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XLMedia completes takeover of 101GreatGoals.com

XLMedia has continued to revamp its publishing network after confirming that it has acquired all remaining interests in football video streaming platform 101GreatGoals.com.  Issuing a market filing, the London AIM-listed affiliate marketing publisher confirmed that it had secured all interests in 101GreatGoals.com from its founders, and will revamp the domain by implementing a ‘simplified control structure’. In its notice, XLMedia …

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Refocused XLMedia hires Ken Dorward as US business lead 

XLMedia has this morning confirmed the appointment of Ken Dorward as President of North America and a member of its Global Executive Committee. Dorward joins the London AIM digital publisher having formerly served as Chief Operations Officer of leading US affiliate network Rakuten Inc, where he spearheaded global partnerships, media assets and publisher management. The appointment of Dorward as North …

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XLMedia sanctions Finnish sell-off to underscore transformation makeover

XLMedia has continued to pursue its expansion into ‘high-potential markets’ by instructing Akur Capital to commence its sales process for the majority of its Finnish-facing casino assets and publishing sites. The acquisition will allow XLMedia to ‘deliver more sustainable and predictable growth’ across regulated markets. It supports XLMedia’s three-pronged transformation strategy, which includes further investment into regulated markets, consolidation of …

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