XLMedia spurred by strong growth in publishing and media
Online gaming marketing services provider XLMedia saw double-digit year-on-year growth in key indicators during the first half of 2017.
In a trading update, the provider of digital performance marketing services said revenue to June 30 was up 33% to $67.9m (€56.7m) compared to the first six months of 2016.
Gross profit increased 30% to $35.2m, while adjusted EBITDA hiked by the same amount to $22.9m.
XLMedia added that profit before tax was up 23% to $19.5m.
The company said the impressive performance was thanks to strong organic growth in the publishing and media divisions, while maintaining high margins.
It added that the first half also saw operational developments, such as the acquisition of the ClicksMob mobile performance-based user acquisition platform, the Greedyrates credit card comparison website, Securethoughts cyber security comparison website and Moneyunder30 financial services company.
It also expanded into Romania by acquiring a portfolio of Romanian-facing affiliate websites and obtaining a licence in the country.
Ory Weihs, chief executive Officer of XLMedia, said: “We are delighted to report another record period of strong profit growth for the Group. The combination of both organic and acquisitive growth has accelerated our progress extending our business into new verticals and new geographic regions.
“Current trading remains strong and we are confident that the ongoing implementation of our strategic focus will continue to yield excellent results, underpinning the board's ongoing confidence in the Company's near and medium term prospects.”
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