Rakuten‘s Stuart Simms has been confirmed as the new chief executive officer for digital performance marketing services provider XLMedia, replacing Ory Weihs from October 2. Weihs is due to continue his position as CEO until Simms’ arrival, and thereafter will remain on the board as a Non-executive Director of the Company. From the date of Simms’ appointment, Weihs will continue to …
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XLMedia reports operational challenges amid gambling regulation uncertainty
Digital performance marketing services provider, XLMedia, has reported a “challenging year” after its full year report, ending 31 December 2018, saw revenues, gross profit and EBITDA take a hit. The group attributed this primarily to “operational challenges”, with its 2018 performance impacted by the “adverse impact of gambling regulation uncertainty in specific territories, website ranking issues impacted by spamming and …
Read More »XLMedia hires ‘performance pro’ Shaun O’Neill as new commercial lead
London AIM-listed affiliate marketing network, XLMedia Plc has confirmed the appointment of Shaun O’Neill as new Head of Sales with immediate effect. An industry veteran in affiliate marketing and player acquisition strategies, O’Neil joins XLMedia senior management team from Kindred Group, where he formerly served as Head of Affiliate Marketing for iGame and Kindred new brands. O’Neil has further industry and affiliate marketing experience …
Read More »Strengthened portfolio will help XLMedia ride out H1 declines
XLMedia has unveiled its interim results for the first half of 2018 (six month period ending 30 June), detailing that a string of acquisitions will allow the firm to hit annual targets its has previously forecasted. As a result of its ongoing acquisitions strategy and tougher regulatory conditions for incumbents, XLMedia’s gross profit amounted to $33.5 million, a slight decrease …
Read More »Regulatory adjustments sees XLMedia issue revenue & profit warning
London AIM-listed industry affiliate marketing network XLMedia has this morning issued a revenue and profits warning, adjusting its 2018 corporate expectations. Updating investors, XLMedia governance details that the company has had to adjust to a number of regulatory impacts within Australia and Europe. ‘Underlying trading in the year to date has been stable with the Group actively deciding to focus …
Read More »Better Collective heads EGR’s 2018 Power Affiliates list
Highly regarded provider of betting tips, bookmaker information and gambling tools, Better Collective has been named as EGR’s number one in the Power Affiliates 2018 list. After impressing judges with criteria such as business and commercial success, M&A activity and regulatory and compliance procedures, Better Collective was picked out to be a leading power within the iGaming world. The list …
Read More »2017 a record year for XLMedia
Publishing its results for 2017, affiliate marketing firm XLMedia has detailed another set of record breaking results, outlining that its revenues increased by 33% to $137.6 million from the corresponding year. Additionally, the Gross profit of XLMedia rose to $73.1 million up 37% from 2016. The group reported its Nordic expansion played a key role in its positive 2017 outlook, …
Read More »XLMedia raises £32 million through share sale
London AIM-listed industry affiliate marketing firm XLMedia has confirmed that it has raised approximately £31.7 million through its latest ordinary shares placement. Issuing a market statement on Tuesday 16 January, XLMedia governance detailed that it would place up to 16 million ordinary shares, representing circa 7.8% of the firm’s equity for sale to institutional investors. This morning, XLMedia confirmed that it …
Read More »XLMedia acquires a host of Finnish gambling sites
Good Game Limited, which operates a network of Finnish online gambling information sites, has sold several of its popular sites to XLMedia for a total cash consideration of up to €15m. XLMedia will take control of a number of Good Game sites including Nettikasinot.com and Netticasinot.com. The deal, which is expected to close in the first quarter of the year, …
Read More »XLMedia acquires Marmar Media outright
Updating the market, London AIM-listed industry affiliate marketing and player acquisition firm XLMedia has confirmed that it has moved to acquire Marmar Media outright. Moving forward, XLMedia will purchase the remaining 46% of Marmar Media equity for a reported sum of $2.4 million (€2 million). Seeking to expand its mobile marketing capabilities, XLMedia first acquired a 54% stake in Israel-based …
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