XLMedia claims ‘strong’ performance in first half
XLMedia has cited the impact of its ongoing growth strategy as one of the main reasons behind a year-on-year jump across key financials during the six months through to June 30.
Revenue in the first half amounted to $36.4 million (€33.6 million), up 83% on the total posted by the online gaming marketing services provider in the same period last year.
Earnings before interest, tax, depreciation and amortisation was also up 87% on a year-on-year basis to $12 million.
XLMedia also noted that it has increased sales in English-speaking countries by signing up new customers as well as expanding the business through a number of key acquisitions in line with its ongoing growth strategy.
Ory Weihs, chief executive of XLMedia, said: “We are delighted with the strong financial performance the group has delivered in the first half of 2015.
“We closed two acquisitions during this period which enhanced our mobile capabilities and we look forward to generating additional revenue streams as these businesses are fully integrated into the group.
"We continue to pursue our strategy to develop our technology, whilst maintaining the quality and market leading position we occupy.
“We see numerous opportunities for consolidation and hence we continue to evaluate additional businesses, which are a good fit for the group.
“Further acquisitions will expand our geographical and operational footprint, address new vertical end markets and deliver shareholder value.”
XLMedia expects to announce its full interim results for the first half of this year in September.
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