XLMedia exceeds expectations in ‘groundbreaking’ 2014
Online gaming marketing services provider XLMedia has revealed that key financial results during 2014 exceeded expectations, describing the year as “groundbreaking”.
Full-year revenue amounted to $50.7 million (€47.1 million) in 2014, up 47% on the $34.5 million posted in the previous year.
Gross profit hiked 35% year-on-year from $20.5 million in 2013 to $27.6 million in the past 12 months, while profit after tax was up 14% to $13.2 million.
Elsewhere, adjusted earnings before interest, tax, depreciation and amortisation was up 28% year-on-year to $17 million, while net cash from operating activities increased 42% to $16.9 million.
Ory Weihs, chief executive officer of XLMedia, said: “We are very pleased to report our final 2014 results which exceeded expectations.
“The last 12 months have been truly groundbreaking for the group with our successful IPO in March 2014, and the completion of a number of strategically important acquisitions alongside a strong organic growth performance.
“In addition, and by no means less important, we have strengthened our management teams, infrastructure and systems and recruited more employees to the group.
“I believe we are well positioned to successfully execute our ambitious growth plans and to deliver another positive year of growth.”
XLMedia also noted that it has made an “excellent” start to 2015 and continues to trade in line with market expectations.
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