XLMedia Plc has entered a ‘conditional agreement’ to sell its North American Business to Sportradar AG for a $30m cash consideration. This morning, XLMedia notified investors that Sportradar had tabled a $20m cash offer combined with a $10m performance incentive (payable in April 2025) to acquire the firm’s remaining North American media assets. The offer remains subject to approval by …
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XLMedia has announced strong interim results for the first half of the year following the sale of its European and Canadian assets to Gambling.com Group. The sale marks a significant moment for the company structurally and from a financial perspective, with the assets being sold for a total consideration of up to $42.5m and an initial payment of $20m received …
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XLMedia Plc has completed all corporate adjustments to transform its business into an exclusively focused iGaming media network for North American markets. During H1 trading, the London AIM media group sold its Euro and Canada assets to Gambling.com Group for a fixed fee of $37.5m, with potential earnouts of up to $5m based on the revenue performance of assets from …
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XLMedia Plc backs its new commercial strategy to return its business to profitability by 2025. Ahead of its AGM this morning, XLMedia published a statement by CEO David King citing a solid start to year trading in Europe and North America. The London AIM media group continues its strategic reorganisation, in which the company agreed to sell its European and …
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XLMedia Plc trades on a leaner portfolio following the strategic divestment of non-core assets in Q1 2024, aimed at returning the company to growth. This morning, the London AIM affiliate media publisher posted its full-year 2023 results, reporting statutory operating losses of $45m. Corporate accounts booked a ‘necessary write-down’ of $57.3m, related to the reorganisation of its US network and …
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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 …
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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, …
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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 …
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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 …
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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 …
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